Long at 168.2 (Revised Reverse H&S)
So, my previous SL was taken out last night.
There seemed to be a large down at the open of the Europe markets (for no official reason that I could tell) and then a back up (which tells me that SOMEONE WAS TAKING OUT LONG STOPS).
I guess lesson learned: 1) Relatively quiet for 8 hours on the 2HR chart before the EU/GB open and 2) Nikkei down, equates to tightening SLs and get ready for a reversal.
I still favor long through the weekend (and had entered long last night when a hammer candle formed on the 5M chart), unless a Eastern Ukraine or Moldova issue comes up.
Moved my SL to a TP stop this morning.
There seemed to be a large down at the open of the Europe markets (for no official reason that I could tell) and then a back up (which tells me that SOMEONE WAS TAKING OUT LONG STOPS).
I guess lesson learned: 1) Relatively quiet for 8 hours on the 2HR chart before the EU/GB open and 2) Nikkei down, equates to tightening SLs and get ready for a reversal.
I still favor long through the weekend (and had entered long last night when a hammer candle formed on the 5M chart), unless a Eastern Ukraine or Moldova issue comes up.
Moved my SL to a TP stop this morning.
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