Well, I was wrong - price did what it did but due s/l usage I didn’t loose too much - only 9% from last successful trade. Let’s see what will be on the next week.
Can you help answer these questions from other members on futures io?
I hopped in to continue my online journey - another attempt.
I still trade - do couple trades per month but most time I wait. So its quote boring to write. I still work with 6b, 6e and mostly watch gc.
What pushed me to write again - I want share something interesting (from my point of view) about British Pound.
I think we are now in correction from previous up movement and 1st pivot point is possible.
Why do I think so?
1) We are almost in 1/2 of previous up movement.
2) I see here important option levels.
3) This is the place where money stood for weeks before proceed its up movement. So I expect them here again with distribution.
I might do any future amendments, it depends on both future price and options activity.
Right now Im out of the market.
Here I indicate possible zones to continue short trades which I found acceptable for me.
If you have any questions/ideas concerning 6B, you are welcome to share.
I wanna share something with others.
At Friday night I got a new signal for longs and I opened new position but I didn't add S/L simultaneously - gave some time to the market to find a bottom before weekend. While I was working with other ticket, market closed and here we go on today morning. Near 100 points of losses.
So today I added expert which automatically adds S/L or T/P or trailing stop of any size - "Exp Assistant 5" for MT4 & MT5 - not bad tool and free to use. You can install this by using Market button in MT 4/5.
