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Will set a BUY LIMIT, pending price action in between:
11943
11927
Need to wait for the right setup to occur price action wise
This trade may or may not come off but is what I'm thinking atpoint
STOP LOSS will be under last pivot low 11900 area
No need to hide this information
13:05 UPDATE: ther may be stiff R @ 11981 may have to close if P/A is not conducive to further gains. If SL not triggered this session there may be further upside all depends on how US sessions go
13:50 We are at 11981 and this is telling time its up from here or reverse, still holding + 43 points
14:00 Have lightened some at 11987 profits were over $1100.00 wanted to lock in some pocket money +50 points on partial sells Remember to always think for yourself in this game
This long trade had been milked for all it's worth, the remainder of my positon with profits locked in got stopped out at 11970
I was expecting some headwind at R 11981 as described in my post, once I saw that price action was not conducive for longs I had no choice but to scale out perserving prior gains.
Never fall in love with your position, lol because of this quote I kept vitually all my gain.
Hope everyone did well, either way comment on how you did.
It would be good to hear how you faired.
+50 points
11937 entry to 11987 bulk scale out then small remainder at 11970
OP = (other person)
What will also be interesting is what result the OP will post, there is no way in hell the result will be positive while maintaining a short bias.
Which brings out mistake #2
To state what the direction the market should take then to add when it's time to go long (tomorrow) is just a bit arrogant don't you think ?
Tell me when is there room for EGO or unsubstantiated trade claims in this game.
It's only serves to discredit
Of course plan B "state no trades taken, too busy" that would work but taken with an extra grain of salt.
Guess, few would expect the (F)DAX to fall with tons of retail sheep being short all day long
Combined with the DAX you can watch the drama: The only time the retail sheep were long was
when the (F)DAX was short during the RTH opening ...
Once I saw P/A put in support for the session I went long. As long as this holds I'm on a winner. If not I make or lose nothing.
"Morning star pattern on one hour"
Now letting this trade run
SL in @ BE 12052
Short term resistance 12066
Target 12125 area
Best Trading IT :>
UPDATE: 16:40 have scaled out most after a warning candle at 12069 resis
Session has been tough going
This session became quite volitle, the runner position almost got stopped out with a low retest at 12056
My stop was at break even 12052
Sometimes it's pure luck you make money
This can also slightly disprove the myth the the market is pure stop hunting all the time
3 points is all that stood between winning and losing on this trade
+59 points on runner