Pete's Place

hit tgt 1

holding stop for #2 at 1546.00

 

stop to 1549.0, just below 200 SMA on 2 min chart

 

stopped out at 1549.

results +3, +0.5.

Imagine that, followed the rules and had a winner.

Your comments appreciated.

 

Here's a summary of that trade on the 2 minute.

 

Well that's always fun, getting stopped out at the low tick, then having it move on to hit your target.

 

possible bearish engulfing forming on 11 min

watching for lower high on 2 min to enter if it does

 

short 54.5
bearish engulfing on 2 min followed by upper shadow

trailing 5 pts till b/e

 

tgt 1 51.5
tgt 2 47.0

 

tgt 1 hit +3

stop to 54.0 on the second