Monday, May 21, 2012

5.21.2012 Cable Trade

Limit order hit at around 7:00AM and by 7:19 stop loss hit.  I only risked 0.6% on this trade as I don't like trading Mondays.

Had SMT, USDx divergence, Type II stochastic.  No A/D divergence.  Plus trading off the figure, the CPP, weekly low, 4hr market flow.

In thinking about the trade I should have waited for a bounce and then an OTE.




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