This is a followup to my GU shorting adventure linked below.
I am expecting that the current wave down is very close to completion (or has already).
Thus I have closed most of my short positions and watching for a bounce to reenter.
Maybe it does not bounce, Maybe the Dollar keeps on going strong?
I still have 20% of position riding a trailing stop, and will consider adding more if supports are broken.
This all started with this plan looking for an end to the short term uptrend:
After the big drop a few days ago, I took profit and started looking to reenter per this plan:
I then managed the positions per this plan:
The THIRD of this plan is now the green zone in the current plan you are looking at:
.
I am expecting that the current wave down is very close to completion (or has already).
Thus I have closed most of my short positions and watching for a bounce to reenter.
Maybe it does not bounce, Maybe the Dollar keeps on going strong?
I still have 20% of position riding a trailing stop, and will consider adding more if supports are broken.
This all started with this plan looking for an end to the short term uptrend:
After the big drop a few days ago, I took profit and started looking to reenter per this plan:
I then managed the positions per this plan:
.
Note
Almost there, first possible shorting zone Note
here we are at first zone. Tempted to take a very small short here Note
first small GU Short fireds3.amazonaws.com/tradingview/snapshots/c/C4Kr8o4t.png prolly a loser, but gotta take the shots, and lower the risk when it looks too good to be true, so a VERY small risk on this trigger
Note
Yup, a looser :( Note
If at first you don succeed.... trying another small short here Note
GU perfect rejection from top of resistance band, now need to see if breaks below the bands3.amazonaws.com/tradingview/snapshots/j/j3INUAaV.png
Note
well I scalped each resistance zone, made a few pips, but nothing stuck. 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.