Merry Christmas

Written by Hugh, on December 25th, 2008

898197

I hope everyone is enjoying some time off from trading to be with friends and family! I have been very fortunate in the past year to meet the people I have met and been able to progress as a trader.

I got into a trade a couple days ago so I just thought I would share. This trade is a Surprise

Box setup that I took on the 23rd.

Click above for larger image

Short 1 (400) @ 5257
Stop @ 5353 (-96)
Target @ 4280 (+977)

Entered on bounce off of bottom of box, usually a nicer entry than just taking the first break. The target on this type of trade is not really a target, but a best case scenario. I leave that limit in just in case the market moves while I am sleeping.
———————-
Stop moved to 5298 (-41)
———————-
Stop moved to 5249 (+8),
———————-
Stop moved to 5220 (+37)

Stops being moved with 62 EMA. We’ll see how it goes!

If you enjoyed this article, you might also like: