Quote from ddaytrader:
I must be crazy for trading this time of the day, but I am putting a sell stop on the GU at 1.6490, stop loss at 1.6315, and a Take profit at 1.6450.
I'm only doing 10K on this one so this is a $25 bet to make $40 - not playing for big stakes like you guys who swing $1,000,000 bats!
Ok, short at 1.6496, stop loss 1.6516, and Take Profit at 1.6456.
While I am awake and watching, I may change TP to 50% at 1.6446 (+50) and 50% 1.6400 (+96).
If I get tired and go to bed, then the initial plan will hold.