Strong Bear Bar on 2H Chart... One problem though: It's low was never triggered. So I would consider this a scaled in short position, as opposed to a entry order position(triggered below the 2H bear bar). Nonetheless, I feel that bar was significant to the bears' selling pressure. Hopefully we get some more movement down.
If the trade does go our way, we will want to trail stops manually to protect profit. If the trade starts showing too much strength in the opposite direction, then get out. I'm always going for AT LEAST 2x's my risk. So small losses here and there are part of the plan.
If the trade does go our way, we will want to trail stops manually to protect profit. If the trade starts showing too much strength in the opposite direction, then get out. I'm always going for AT LEAST 2x's my risk. So small losses here and there are part of the plan.