So there was a clear DWTL and UWTC that could be drawn this morning. But the legs of the moves were far harder to see.
Just before my session started price had entered a TTR (tight Trading range) which is usually a continuation pattern. So with a clear trend up I looking to get long near the low of the TC.
1. an M2S (21EMA PB) offered the first entry (approx 1:-0.2 TSL)
2. another MS2 (21EMA PB) offered the second entry (approx 1:-0.2 TSL)
3. a final MS2 (21EMA PB) offered the third entry (approx 1: 1.2 TSL)
Summary: a less profitable day, but with JAP closed this might have been a factor especially around the LON open.
Just before my session started price had entered a TTR (tight Trading range) which is usually a continuation pattern. So with a clear trend up I looking to get long near the low of the TC.
1. an M2S (21EMA PB) offered the first entry (approx 1:-0.2 TSL)
2. another MS2 (21EMA PB) offered the second entry (approx 1:-0.2 TSL)
3. a final MS2 (21EMA PB) offered the third entry (approx 1: 1.2 TSL)
Summary: a less profitable day, but with JAP closed this might have been a factor especially around the LON open.
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