Quoting tkimbleDislikedCurrent short was triggered on 5 Dec at 900 GMT at a price of 1.9748. This short was stopped out on 5 Dec 1430 GMT with a 50 PIP loss. Resumed the same trade since none of the 30 min bars closed above the 50 MA High. Currently short at 1.9748 with a with a 94 tick profit as I type.
It is very simple and simplicity is where I find most of my profits...
Happy Trading,
TkimbleIgnored
RSI has been below 50 for a few days now....price has gone 5 psip below the SMA on a few occasions, would any of these been good entry points?
thanks
M$M