Stop Snag
Stop Snag
My trailing stop on the ES just got snagged and that concludes my current long campaign. The snapshot below was taken before my stop got taken out – but based on the candles present in the early morning I pretty much knew the writing was on the wall.
Whether or not I jump back in depends on the context we’re going to produce over the coming days. I may be temped near the 100-hour which currently sits at 2048 on the spoos. However my favorite scenario would be a more thorough one retesting the base near 2020 – that scenario currently only has a ~30% probability however.
EUR/AUD – beautiful entry here still near the 100-day SMA. We may just be painting a floor here but it’s still early days. I’m throwing 1/2R into the fire here – let’s see if it pans out. You can split that one with the EUR/AUD as well if you like – similar setup.
AUD/USD – that diagonal on the hourly was breached and then we snapped back. Another 1/2R here with a stop below 0.722. Clearly you don’t want to watch correlation risk here with all those AUD pairs.
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Cheers,
