DislikedGU 1hr had a hl today and a positive close. Price pulled back to the previous resistance level/pivot 5533. 5 min hl little/no upper wick. Scalp out for +20.
Mrs V had another buy, whilst it was a hl the 1hr had by that time had several upper wicks. I thought it was a poor trade, sideways junk (and she's normally good at avoiding those) she was lucky to get out at BE.Ignored
Price retraced 61.8% of yesterdays fall and couldn't close above MR1, hourly upper wicks making me think we were going to return to the downside. We were still on 1hr lower highs and the RSI turned down through its ma. 50 sma still headed down.
Price returned to MR1 and couldn't close above on the 5 min. I sold the lh at 87 against the ma's, took 50% off at +10 as we were effectively ranging short term and went to BE on the remainder. We made another lh and I moved my stop to 70 as I had to leave my comp, and was shortly taken out. Avg +13.5 pips on full position.
Follow, don't anticipate.