Slow week…

26 08 2010

Not quite the same setup as yesterday but pretty similar. Reversal bar again at yesterday’s high. There’s a bit more traffic today, and on reflection really this is worth more caution than yesterday’s trade which should’ve been allowed to play out a bit more. Having said that, as i write price is now below my TP point and with the current 15min bar shape looks like price will push even lower. Alas, i targeted the likely resistance point and got on with my work!. Entered at the dark blue, stop at red and out at the green line.

Not the most amazing of weeks but at least the earlier lost has now been swallowed. Bring on the weekend!

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