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: .
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Almost there, first possible shorting zone
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here we are at first zone. Tempted to take a very small short here
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first small GU Short fired s3.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
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Yup, a looser :( I will get you at the next trap!
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If at first you don succeed.... trying another small short here
well I scalped each resistance zone, made a few pips, but nothing stuck. looks like an ABC retrace is under way. will analyze and post new chart for next week.
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