Monday, July 23, 2012

GU sell, US fake out avoided

As detailed in previous post we had the view that GU was a sell today.

This view made it easy to avoid a losing trade, we left the positive close candle pre/early US session as a counter trend fake out, often discussed here.

1hr turned neg again. 5 min lower high below 25 psych level, little/no lower wick. Ran straight down to the round number for +22.


Not in front of the computer this morning.

No comments:

Post a Comment