GER30

Down trend. Price close to the upper band of regression line. Bearish engulfing.Bearish divergence.

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15 min. I have come to realize that if more than one bearish engulfing patterns occur its more highly likely that the trade will work out in my favor. So bearish engulfing patterns. Bearish divergence. I also like the extreme upside moves that happen in the morning and got rejected.

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(maximum) risk taken 0.5% on this trade

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I just stopped the trade with 0.34% loss. Some times you have to cut your losses quicker when you see a strong momentum Fortunately we have other positions on to potentially cover those losses. Diversification helps. In general I try to build a portfolio of small positions rather go big on one or two trades.

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Well that left me speechless..

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jaktrader

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jaktrader