Back to work... maybe
I hope you all had a great Christmas. I hadn't planned to trade much at all this week but I decided to sit down to the charts for a bit this evening. I took a long on the pound for a nice little profit. We have New Home Sales coming out in the morning so I'll see about trading that report. Probably won't be a very volatile week, but then again we said that about Thanksgiving and we all know what happened there.
UPDATE(3:27am): I'm still awake, sadly enough. But I've put my time to good use as I've taken a short off that nice 15min vtop candle. Currently up 10 pips but I'm going to let it ride out further. If I'm analyzing correctly I believe we're going into wave 4 in elliot wave theory. Now I don't trade solely off elliot wave, but the fact that it's lining up with my short signal is a good sign. May be good for a nice ride south here. I'll update again in the morning.
UPDATE(9:03am): Stopped out of my short for -11. I had my stop at 75 and thats exactly what the price went back up to. Bah.
UPDATE(3:27am): I'm still awake, sadly enough. But I've put my time to good use as I've taken a short off that nice 15min vtop candle. Currently up 10 pips but I'm going to let it ride out further. If I'm analyzing correctly I believe we're going into wave 4 in elliot wave theory. Now I don't trade solely off elliot wave, but the fact that it's lining up with my short signal is a good sign. May be good for a nice ride south here. I'll update again in the morning.
UPDATE(9:03am): Stopped out of my short for -11. I had my stop at 75 and thats exactly what the price went back up to. Bah.
- LONG GBP/USD for +16
- SHORT EUR/USD for -11
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