Looks like the bear trend is wanting to continue its downward momentum. I'm going to bed now, but targets are in place.
Well I was wrong about the downward momentum. Price revered, yet again, leaving me with two big losses - 614 - 479 At the moment, I'm up 765.00 .
Havnt made any new trades for this month yet. Been busy, and still holdig my gbp/usd trade. Took a 479.00 loss on gbp/usd on a s&R (stop & reverse), but that was all. ytd pnl 1,112.27
Sold my gbp/usd finally. Wont post chart because I traded against my rules, but I did make a profit. Will post some charts later of other trade setups.
Looks like Gann 1/8th lines on your chart. Might I suggest a short and long term momo indicator to fix your position more clearly?
Not sure how that would really help me..? Besides, the whole point of this thread is to create a very simple breakout method using just a few lines...nothing complicated.
Is this thread dead? Seems posts have just stopped. Well I thought I'd add this thread's strategy to my sim trades. Below is the sim trade I took based on Kon's trades. Went long 2 contracts, took 1 off at 50% and the 2nd was stopped at BE. Initial S/R Range: 44 points Profit: +22