-Huge 9 year pattern
-Lower boundary tested many times with out of line moves
-Established medium term downtrend
-50SMA is firmly below 200 SMA weekly
-Daily retest of underside of horizontal boundary friday close
-Measured move down to 44.37
30 basis points of risk
Could prove quite difficult to trade such a large pattern. If I am stopped out, will wait for a continuation pattern to get short again
-Lower boundary tested many times with out of line moves
-Established medium term downtrend
-50SMA is firmly below 200 SMA weekly
-Daily retest of underside of horizontal boundary friday close
-Measured move down to 44.37
30 basis points of risk
Could prove quite difficult to trade such a large pattern. If I am stopped out, will wait for a continuation pattern to get short again
交易开始:
Short 69.54 @ Market
SL 71.77
Trend follow model for trade management
We are a day away from the month close, If we are still below 70 by close tomorrow, cannot see price meandering at those levels
SL 71.77
Trend follow model for trade management
We are a day away from the month close, If we are still below 70 by close tomorrow, cannot see price meandering at those levels
评论:
Happy with that monthly close
评论:
Stop @ 71.43
评论:
We had a strong monthly close below $70 but the price back above $70 and the bollinger bands squeezing is making me nervous
评论:
Stop moved to 71.02
评论:
Stop moved to 70.56
评论:
Stop @ 70.20
交易结束：到达止损:
Out on the pop above 70
SL @ 71.36
Will implement trend follow strategy