Short on Alternate Completion

2 déc. 2014

This Alternate Bat completion seems to be holding as resistance for the past ten hours. I have only a 20 pip stop on this trade. One reason is, Alternate bat patterns usually reverse quickly if they reverse. Two, if I am wrong, this trade has been in a tight coil for awhile and it will probably move quickly and strongly. I can be wrong a little but don't want to be wrong a lot. I'm in this trade at 119.26. T1 is at the .382 retracement and T2 is at the .618. If this trade moves as I expect, I will only take off one half at T2.
Good Trading