Just a quick update for these two trade plans for this week.
Price has come into the target zone for the ‘longer term’ plan to sell should this rally be a lower high as the daily 21-55 macd is below the ‘0’ line. From here we would need to see price start a trend to the downside as shown in grey arrows in order to pull the hourly 21-55 macd below ‘0’. Results for the 2 trades I shared on this post was roughly 400+ pips combined.
Being a bit stubborn to this point with a net loss on 3 closed trades of about -15 pips and the 4th trade now at at BE and up roughly 70 pips today as I write this post. From here if price makes a new high thru the red X then this plan should be terminated for now until a new one presents itself for any bears. If price can get thru the W-PP then we should go down to test the 1.0500 zone.
Lets see how it plays. I know of 1 other person that took some pips out of the market with these plans, anyone else? Any other thoughts?