Monday, December 12, 2011
TITZ:1 GBP AUD
The 1st trade following the TITZ test,
Be Bold - be consistent and disciplined, go in 3 lots and scale profits out.
Although Scaling out is not how Grant does it because in general you don't scale out losses.
I can't remember why I chose to Sell, maybe 'cause the curve was leveling out and it looked like the 23% would hold as resistance, anticipating a continuation down.
On the 5 minute you can see some strong momentum down which would have encouraged me.
I held the stop open to see if it would bounce, which was a test on discipline.
Labels:
learnt the hard way,
titz
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