The British Are Coming…

Trade Update

Trend Traders, we are catching a nice move in the British Pound Future /6B. Current chart structure is good, but we will not be moving our stop into the money for a few days. As long as we continue in this downward trend we will remain short.

Keep an eye out for a stop adjustment email tonight. As I write this we are up $1,700 per contract and current risk is 356.25 per contract.

Trend strength is really improving, but we will be watching this closely to see if big money continues to add to their short position. 2016-01-06-TOS_CHARTS

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s