Buy: 1100-1105
Stop: 1092
Wait for price action to confirm
Bearish below 1090
Incase of gap up wait for price to retrace/Incase of gap down as long as 1090 is not breached can initiate longs.
Do not chase the market.
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Stop: 1092
Wait for price action to confirm
Bearish below 1090
Incase of gap up wait for price to retrace/Incase of gap down as long as 1090 is not breached can initiate longs.
Do not chase the market.
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Trade active:
Long @ 1112
Stop @ 1090
Stop @ 1090