I am still playing the weekly levels I highlighted in a previous post however I am going flat for now and here is why.
I want to lock in some profits from this week, I make 11 trades and won 6 of them. With an average risk reward of 1:3 that nets 14% growth at a 2% risk tolerance per trade.
I was playing a weekly resistance zone 97.6 expecting it to hold down price, clearly that was not the case so here is the game plan.
1. Get account flat
2. Mark new zones
3. Set trades
4. Wait
I am now expecting to see a move off this recently broken resistance ( now support ) up into 98, a region where price struggled and turned from in the past. Message me with comments/concerns or to claim your free ebook "understanding the myths of market trends and patterns"
I want to lock in some profits from this week, I make 11 trades and won 6 of them. With an average risk reward of 1:3 that nets 14% growth at a 2% risk tolerance per trade.
I was playing a weekly resistance zone 97.6 expecting it to hold down price, clearly that was not the case so here is the game plan.
1. Get account flat
2. Mark new zones
3. Set trades
4. Wait
I am now expecting to see a move off this recently broken resistance ( now support ) up into 98, a region where price struggled and turned from in the past. Message me with comments/concerns or to claim your free ebook "understanding the myths of market trends and patterns"
