20 DTFL Trades Blog: Getting up to date so I can then do a daily commentary

OK, the next 2 trades showed a new level setup during London, followed by a clear stop run and a great entry - Sterling was in the room when this trade was taken and he said its a good entry - BUT the market hasnt moved 90 pips, a major criteria of the NY reversal. And as we can see from the 2nd Chart - this trade ended up in a loss or -1R

LEARNING POINT - A NY REVERSAL TRADE NEEDS TO OF

MOVED AT LEAST 90 PIPS

OK, Another GU entry below, a little bit of manipulation out of Asia and a large move up, followed by a big bounce off the daily highs.

This moved a little in my direction but after such a strong set of legs rejecting 55EMA and with NY approaching - it may of been exiting this trade at that point. I took an aggressive trade on this though and went out at BE