Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Friday, January 20, 2017

+2RR

Another day, another pre-market win and time to hit the books.

I bought 52.82 with the expectation of resistance between 53.03 and 53.30 based on the daily chart. With risk reasonably low but showing some hesitation at these levels I was reluctant to be long but it was to early to be short. So I put the long on and watched it close. It took quite a long time but price went right into the zone and presently looks like it might be the beginnings of a reversal. I won't be there for that but nice to see the analysis was correct at least for this early action.

I was out late last night with my wife and I'm pretty tired and sleepy but I have a full day of hitting the books.

Have a great weekend.

Cheers

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