Think of a train as your trend - get on
board before the train leaves the station, keep getting on and off with more
and more friends at each station en route, then all get off for good when it
reaches it's destination BEFORE it gets on the turntable to turn around and go
in the opposite direction.
1. I put an order to short from the shooting star but it did not trigger.
The next day (22nd) there was another shooting star as an inside bar. I went short from 1.2315 with a 60 pip stop, all was looking good.
The next day (22nd) there was another shooting star as an inside bar. I went short from 1.2315 with a 60 pip stop, all was looking good.
Friday night and I am up 3.5 times my risk so decide to bank half and leave the rest to run.
2. Sunday gives an inside bar and I put in a order to add some more short, but when I get up Monday it has broken long and price is going up.
2. Sunday gives an inside bar and I put in a order to add some more short, but when I get up Monday it has broken long and price is going up.
Tuesday closes as another shooting star but with an ugly short tail. Decide to put an order underneath it for another short and hope that I don’t get top and tailed.
Short triggers and we are in business, My second short from 1.2150
Friday close and decide to play it safe and bank the lot, leaving original half to run.
Sunday night (03 May) makes another small inside bar but I remember last weeks did not work so I leave it and see what happens Monday. Monday the price continues down to a big bearish outside candle so I wish I had played the Sunday bar!! Murphys Law …
Tuesday is a small retracement and Wednesday I short a break of Mondays BEOB.
Thursday price pulls back again past my entry but not my stop … still in but offside.
Friday and the price tanks … Thank you NFP! I close the whole short because it all looks very overdone, The other half of original short still running.
3. Don’t trade Sunday and then Monday is a big bullish outside bar. Retracement is on. Tuesday is sideways and Wednesday is up again L Oh well.
4. Monday 18 May and we get a big bearish outside bar and we have a lower high. This is looking good again. Tuesday I trade a break of the BEOB and for the next four days the price drops every day. Friday we are at 1.1200 a big number (and long term trendline) and decide to bank this trade, still have original half running.
5. Sunday 24 May and Monday are inside bars, consolidating sideways. I am worried we might make a base and think about closing some more of my original short. Tuesday and we get a big fat shooting star –
3. Don’t trade Sunday and then Monday is a big bullish outside bar. Retracement is on. Tuesday is sideways and Wednesday is up again L Oh well.
4. Monday 18 May and we get a big bearish outside bar and we have a lower high. This is looking good again. Tuesday I trade a break of the BEOB and for the next four days the price drops every day. Friday we are at 1.1200 a big number (and long term trendline) and decide to bank this trade, still have original half running.
5. Sunday 24 May and Monday are inside bars, consolidating sideways. I am worried we might make a base and think about closing some more of my original short. Tuesday and we get a big fat shooting star –
This one is a biggie, it is the break of the ascending trendline from the lows of October 08. My short gets triggered but we go back up to 1.1250.
Thursday 28 May and down again, but not much up. Friday comes through for me though and price closes down at 1.0923. Close trade before 5 on Friday PM. We have come a long way without a retrace …
Monday 01 June and we get a hammer for a long … The retracement is on again. Have to steel myself not to get shaken out and hang on for the ride. Wednesday 03 June is a bullish outside bar so antenna is up. My friend James now likes it long and the Canadian news is saying we are going to parity (that’s a buy signal I think)
Monday 01 June and we get a hammer for a long … The retracement is on again. Have to steel myself not to get shaken out and hang on for the ride. Wednesday 03 June is a bullish outside bar so antenna is up. My friend James now likes it long and the Canadian news is saying we are going to parity (that’s a buy signal I think)
Thursday price retraces half of the BUOB and then continues up on Friday.
6. Monday 08 June and a shooting star to short again. Priced has retraced back to the big trend line and is rejecting off it, looks really good! Short from 1.1125 and Tuesday goes well. Wednesday is a long legged doji … not so good. Thursday is an inside bar so decide to put my stop and also the stop for the second half of my original short above it at 1.1090 in case it breaks long. It breaks long so now we have a higher low. I'm now all out and flat.
6. Monday 08 June and a shooting star to short again. Priced has retraced back to the big trend line and is rejecting off it, looks really good! Short from 1.1125 and Tuesday goes well. Wednesday is a long legged doji … not so good. Thursday is an inside bar so decide to put my stop and also the stop for the second half of my original short above it at 1.1090 in case it breaks long. It breaks long so now we have a higher low. I'm now all out and flat.
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