After a good day on the SP-500 I expect a small pull back which could well create whipsaw south on the Nikkei. Important to place a TP when expecting a whipsaw.
Major indices looking bearish and the cable seems to be running out of steam here
It's hard to not keep checking sometimes - but time is the vital ingredient. Without it the trade has no chance of reaching it's full potential.
I love using Sell stop orders when I have a potential trade in place.
I like to use Stop orders as often as I can. Here the trade is not valid until the Blue line is broken. A TP is placed at the next level of Resistance.
Market looks unclear. Take small profit or move SL to B/E. Either way no loss.
PASR heading north SL just below Support for a move higher today.
FOLLOW ON BEHIND SP-500 MOVE SL TO B/E WHEN PRICE HAS MOVED SIGNIICANTLY
AS A FOLLOW ON BEHIND THE SP-500 SL AT RED LINE AND TP OPEN. AS SOON AS PRICE HAS MOVED UP SIGNIFICANTLY - MOVE SL TO B/E
Break of pin bar off support confirms reversal. Plenty of space to left of pin bar (No traffic)
Having broken through Weekly support and there now being a pullback I am going short for a continuation. SL at 2081 and TP open for now.
Breaking north. Once resistance broken I would expect it to head further north _ a little bit anyway.
One of my favourite entries is breaks of support or resistance for a sudden move like drilling down through a piece of stubborn hardwood. It also means - very often that a tight stop loss can be used enabling a larger position size and good risk reward or a smaller account
Strong support here at 2108 Once a bullish candle has appeared I suspect that price will touch 2114 before reversing.