This trade broke below the channel on the 1900 EST bar yesterday and I entered at 77.73. It wandered for some time then dropped hitting 77.05 during the 0300 EST bar and I moved my stop loss to break even. It came back up and dropped again, then rose and dropped and rose. I was getting seasick watching the movement so when it hit +20 pips during the 0500 EST bar I put a 20 pip trailer on it and just let it go. It fell pretty good during the 0600 and 0700 EST bars then popped back up. I got stopped out at 77.32 for a +41 pip trade. Can't be too sad about that! (the extra pip was because the price moved while I was setting my trailing stop so my break even was actually +1). That wraps up January. Not a bad month +588. Let's see if February is as profitable.
Happy Trading!
Happy Trading!
