That's what pops into my head the moment I see the hourly chart..
The DOWN trend looks strong here on the 15m..
NOW seems like a good time to get in on this.
It's nice and early, so I'm expecting the trend to continue for a while. I place my stop AND my closing limit order.. the trade will close when either one is hit. (Hopefully, it's the limit order) :)
Well, the paper money platform is NOT very good with stops.. any strong move in the wrong direction will spike the midprice and cause some early stops..
oh well, I will just watch price a bit and then re-enter.
Going with the Bulls now..
ok, here's what's running now..
I threw on a closing order (without stop), so I can see the midprice. I plan to just close manually if I see enough profit.
as long as price ends ABOVE my strike at 5135, I'm golden.
and look what happened.. as it does much of the time.. price sank down under the strike, but the rallied UP at the end..
