Quote from JSHINV:
They are gunning for my stop![]()
They are going to have to work for it. Stop widened to 1270.
Even though the 15min is peaking out the 1hour is still long. I dont trade the night for a few reasons but still I would be worried about a short in right here. But, 70 is probably better. Getting that much movement out of this overnight is improbable. You could get a down move tomorrow to your BE.
I just hate moving my stop. inevitably it still gets hit but now at 2-3 times the loss the initial stop would have.