Trades 22 July ’10

08:00  False move trade, price bouncing off daily ascending TL and atr expanding, 3 bar reversal. Need to clear 1.5200 to have confidence in trade.

Long 1.5170, stop 1.5148, target 1.5290, T/S 37 p. Half position

08:15  starting to stall at 5200 resistance, will close for small profit if we start to reverse.

10:35  High so far 1.5290, and hourly charts are starting to stall, confluence of resistance at 5300, TL, fib, daily highs, target sell order moved to 1.5275.  140 p so far today atr at 160.

11:00 Target hit 1.5275  + 105 p.

Picked the false move and pulled most of the move so far (total move 140, so missed 35), only regret position size, but at the time I was thinking short.

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