Little short term banger

2 Jun 2016

I shared this on the chat earlier but just wanted to revisit it here as it was really clear.

Just look at the setup - lower highs on decreasing volume. The is usually a sign of no demand. Beautiful confirmation signal with the failed retest. Straight wick and down, no pain. Was damn near stopped out but that how you load up your position with a tight stop. People who are good at this could have halved the risk here for a high expectancy shot.

It's coming back a bit and I'm looking at it again. Little pump on decreasing volume. Would prefer to let this trade work than take it here. Still looking bearish to me. Taking profit around 3605 but still targeting 3550 as the reason we took the spot.

Let it play.

2 Jun 2016

Catatan

Ah, looks like I published the precursor to this trade privately.

Here's the private link if you want more background on this trade:

2 Jun 2016

Catatan

Oof. There's some range put it in at our LFT stop. 3605 was close but the range just gave us 3610. A break there would be my limit for anything still riding.

2 Jun 2016

Catatan

Well 3610 looks okay now if you didn't take. Would have been a tough call there though, some probably had to come off.

2 Jun 2016

Trading ditutup: target tercapai

2 Jun 2016

Catatan

Bit of a scare there but boom. 10R banger. Big winner you could even leave some on.