Jul 22 2011 at 15:13
I have more lines in there but this channel is present too. I am banking that it gets at least to the middle of the channel to PP. to close one position and see if the second still runs where I expect. my stop is at 99.60 for both positions with entries 99.36 and 99.25
Jul 22 2011 at 15:13
let's see how things will go.
Jul 22 2011 at 15:15
I usually do not like and do not take such channels break outs to downside.
Jul 22 2011 at 15:32
stopped.
Jul 22 2011 at 15:45
Looks like we have a hit to the upper channel.
Chikot, if you dont like to trade channel breakouts, what do you trade then? Price action meaning bounce of support/resistance, price formations (converging triangle, double bottom/top, etc) ?
Chikot, if you dont like to trade channel breakouts, what do you trade then? Price action meaning bounce of support/resistance, price formations (converging triangle, double bottom/top, etc) ?
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
Jul 22 2011 at 15:48
i usually wait for price to test the channel again upon breakout before going in
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
Jul 22 2011 at 15:48
yep, testing it. I am not bullish anyway. not today. potential is not that big. yesterday top was 100.16. what chances it gets broken today . guys need to make $$$ and go home till Monday. waiting for failure to break.
I'm short this puppy currently off this top of the channel/downtrend line. Need it to get under 30 before I feel warm and fuzzy.
Live to trade another day...
Stopped out BE. The long was nice off that level though.
Live to trade another day...
Jul 22 2011 at 16:08
stopped on BE too. it was kind of fast but bounced form one of my trendlines. still waiting.
