Wednesday, March 31, 2010

Short Trade looking good thus far....

I will be closing this trade out near the yellow circle, looking to Bank 300 pips. My stop loss is currently residing 100 pips above entry, leaving a satisfying 3:1 Reward to Risk Ratio.

Pound Yen Short off Diag Baby!

Looking to get short off the gray diag near the pink circle.
Buy back at the blue support, currently based off long term diag support.

The Market is like a rubber band... I buy/sell at the band's exhausted stretch, and take profits in the retraction. Anyone can play this game risk free, equipped with the proper mental fortitude.