yes, and I can justify doing so.
ImO/E as long as the pattern is valid & risk management is still appropriately set there is NOTHING WRONG with extending stop level. It is not that easy to nail a longer term chart's potential range extension with a hard stop, which I do use on most occasions...
It was the right decision to extend stop on 1/3, 1,2,3,5 min charts were diverging, price seems to be reacting nicely to 120m bullish pattern. Will try and hold position now till an obvious reversal on 60/120.
WTG! I was considering a reverse trade off 1 min chart, decided to stay with 120m chart's potential.
I will try & stay Long AH on this one, stop moved to 1334 or rather remains at 1334 on 1/3 position.
Outcome related to Chavez, bloody hell, really? His timing was extremely in line with footprints that buyers have left on that 240 chart. LOL
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Neither do I, but it is quite simple in fact. I had a look at the Daily chart with MACD histogram. Daily price action was locked in bull flag's range, towards the apex of that flag 240 chart has put in a classic Buy set-up (classic ImE as I specialise in MACD histo), it was very similar to what...
Visual of the final result
As it stands we now have 7 for & 10 against & 4 neutral
Bloomy posted their own poll of analysts opinions on this week's p/a, it was
2 - Rise
5 - Neutral
25 - FALL :)
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SHIT!!!!!
Taken profit +$7.5 and change
Looking at 240 I would say that I pulled trigger a bit early on locking gains, I do expect it to head towards $100, but these sort of spikes are faded on many occasions, I couldn't resist the gains after 61.8% fibs was hit
I don't normally do this, 1/3 split and scaled out 50% +10.25
Histo says remain short, but 3 min hammer & Volente is buying :)
1 min turning bullish 9.55am
Hopefully (:)) price will stop at previous upper TL which was resistance, hopefully (:)) it will now provide support, Daily chart is in early stages of bullish bounce/reversal ImO.
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