Sold Euro futures at 1.3621 at 815am EST and covered after fib ext 161.8 was hit at 930am. Other indicators were used too and when all were in agreement, I got out.
+ 6.3 points.
Went in again (short) at around 11am EST. Stopped out (-1.7 points). Shorted Yen futures at around the same time. Stopped out (-1.8 points).
Decision to enter the 2 losing trades was against my rule of not entering outside of these 4 timeframes once US market opens: 945am, 10am, 10:45am, 12:45pm. Why the rule? Patterns and fib targets. Will elaborate in separate posting.
My next setup is at 1245. Will see what comes up.
No comments:
Post a Comment