Magpie Trader
Wednesday, August 31, 2005
closed @7853
+2
Last trade that got stopped out was
-21
Previous trade in the asian session hit it's take profit. It hit by 1 pip and headed down for another 30 odd pips. Lesson learnt.
+3
Looks like a trading range is occurring with major support at the 61% fib and M2 pivot. EMAs still saying down but indicators are heading flat or north. May have to wait to the US session before some direction comes. There's Eurpoean news at 10am UK time, that may do something, but it usually doesn't.
15 minute price TL broken. Staying flat still something promising presents itself. See what happens at the pivot if it makes it.
It's a bit odd knowing the guy I got the Asian breakout strategy from just got stopped out too?!
+2
Last trade that got stopped out was
-21
Previous trade in the asian session hit it's take profit. It hit by 1 pip and headed down for another 30 odd pips. Lesson learnt.
+3
Looks like a trading range is occurring with major support at the 61% fib and M2 pivot. EMAs still saying down but indicators are heading flat or north. May have to wait to the US session before some direction comes. There's Eurpoean news at 10am UK time, that may do something, but it usually doesn't.
15 minute price TL broken. Staying flat still something promising presents itself. See what happens at the pivot if it makes it.
It's a bit odd knowing the guy I got the Asian breakout strategy from just got stopped out too?!
// posted by Magpie @ 8:39 pm 
