So market stayed sideways all day yesterday. Well when I say all day I mean during the time I was sat there swatting flies off my desk.
It moved as soon as what we call "the end of day". And of course it dropped 150 pips down without looking back. oh well NEXT is what we say.
So today, we woke up to a hung parliament during FO. It made a range as in the pictures below. I don't draw this for me but i did for illustration. Excuse the vivid colours. ahem
So firstly I tried the LOBOT . Which stands for London Open Breakout Out Trade. Almost ROBOTic trading. lol
When we see a tight range we take the box high for longs or low for shorts
It did not work. (as in it did not breakout like we wanted it to. So quick BE exit)
Then market went up. WE noticed that Marekt had already done two fake-outs each side of the box range.
We went for a third attempt of the market and 2nd for us. in the long direction this time.
It was satisfying to know that this candle retested the H1 box high after breaking. More reasons to stay in thsi trade and believe breakout is happening.
so 13 pips taken. thats like 1R
So then having banked some money I thought lets have the coffee taht I missed taking before LO. But then ...
I thought ,wait a minute immy, isn't his New Peak, and dark bar situation? isn't this Hunt favourite setup time?
So we put PO above Cherry an soon after a seed was created so adjusted the levels accordingly.
However it went down and PO's were cancelled. Now it was School time but before that I saw a box being forme,d price clearly moving up and then consolidating. I put PO but then doubted it and deleted it. And then this
and then It was school run time... lo and behold another setup long ... i was no where near to take this beauty
So i'm done for this session with 1R. not bad at all. well done to Jozef for 4 R's and completing his T20 in under 2 weeks with a massive 95% DS and a handome 13.5R profit ...
The Rewards of Trading Correctly are?
Insane Profits