[B]TRADE 69 11/24/14 06:58[/B]
Yikes!! Was kind of itchy to trade some more. Entered a short position at 185.84 with mental SL at 186.15 and TP at 185.25 for a rough 2:1 reward/risk ratio. 10:1 leverage used.
As i’ve mentioned earlier, price is potentially forming a double top pattern. Candlesticks, imo, are looking weak for the bulls. However, my entry price and timing for this trade are very poor. Was a bit impatient. Anyway, the last cs on the 1-hr chart looks like a bull exhaustion cs, may be reversing right now to the bearish side.
[B]UPDATE 11/24/14 08:10PM EST[/B]
TP hit on all positions at an average of 185.22. Trade went against me by -21 pips so 3:1 reward/risk ratio. Another lucky trade that was pushed by JPY news. If it had been the other way around, i’d be looking at -100-pip loss. Anyway, +60 pips for me.
That’s me for today. Will be more picky for the rest of the week. 3 trades closed already and its only Monday. Got to mind the volume.