The 5 minute entry now on for over 24 hours, and it is in the money. The reversal is in the cards, for now...
Now that the deal is on, it is a question of management, which means exiting at the best possible moment with the information I have at the time. The first trend line of resistance has been breached, but not with excessive strength and price is hovering just above it at the moment. The second line of resistance is where I am shooting for, and is realistic in the next 24-48 hours of trading (meaning I may need to hold over the weekend). The ultimate goal, would be shooting for the monthly high of 83, or even better 83.50 of August. At this point, the next few hours may decide if I close this, take my 300ishUSD from $50,000 in positioning, or if I shoot for higher. So far it has been an incredible month, with this month being the first month that I have earned more in my part time job (trading foreign exchange) than I have in my day job; I would love to wrap it up with another decent sized win...
Now that the deal is on, it is a question of management, which means exiting at the best possible moment with the information I have at the time. The first trend line of resistance has been breached, but not with excessive strength and price is hovering just above it at the moment. The second line of resistance is where I am shooting for, and is realistic in the next 24-48 hours of trading (meaning I may need to hold over the weekend). The ultimate goal, would be shooting for the monthly high of 83, or even better 83.50 of August. At this point, the next few hours may decide if I close this, take my 300ishUSD from $50,000 in positioning, or if I shoot for higher. So far it has been an incredible month, with this month being the first month that I have earned more in my part time job (trading foreign exchange) than I have in my day job; I would love to wrap it up with another decent sized win...
No comments:
Post a Comment