- Initial entry short ZNU3 -126-26.
- Daily triangle break on downside. Stopped in additional unit -125-13.
- Stop on close back inside triangle line at 125-17.
- The ZN daily triangle break is good for around 2 big figures. Weekly and monthly point to much more downside potential than that.
- Immediately ahead, next critical chartpoint is 124-11.5
- Re - earlier post today on S&P500, market is at 1668 now, ie breaking the SHS NL. Waiting for close before taking action, if any.
- Pity on the tight stop in EUR/USD done near the high of the day. Ah well, that's life.
2 comments:
Trailing stop moved down to 125-20. Taken out. Square now.
In hindsight, tightened the trailing stop too much. But then again, how could I have foreseen that having traded down to 124-26 low, hours later 125-20 stop above is hit.
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