It’s running nicely and I am using a fibonacci fan for the recent run and one from the last week and I am adjusting to where they cross roughly and where you can see my cross hairs. Stop tightened to 2.5800. I know this isn’t a big adjustment but the previous stop tightening was temporary until I could further analyse the trade. I didn’t like risking over 500 pips from the current price. I will be adjusting it again as soon as we get a 4 hour bullish candle.
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Dropping the stop loss to 2.5700. A close above 2.5600 will push me to a close or a break below 2.5450 will get me to stick to this trade for days and weeks to come. (more…)
The options addict link to the right is a great site for options traders. I personally stick to the forex in about 85% of my trading. If you want a fun site and good in site into the options world, consider Jeff Kohler’s option addict blog. (more…)
If one of my links doesn’t work, please put it in the comments and I can fix it. Here is the link to the special report that probably didn’t work for you you yesterday.
Click here for the special report page with the protective puts article.
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To quote Morpheus from the matrix, “This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.”
So here are your choices, the trade is profitable and you can walk away with 170 pips or you can tighten your stop and risk 100 pips of your trade to see how deep the rabbit hole goes.
I see a short term resistance level right where we are a (more…)
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