Gino it was below bollies again Friday therefore it was a high probability flip. I didn't get the .115 though just a .12 -.13 flip for 150k units. Took a few extra days but suits me at the moment as doing other things.
They're good little trades sure but if taking them on with a chart like IMU is printing currently well then you need to be prepared to get stuck as the trend is falling. So you do need to have confidence in your systems.
But if your considering having a go at this, id certainly only paper trade it first and once you can get to 60-70% success then maybe work with real ammo. But you need to get your head around around lower time frame charts. The 30 min and 60 min is a great momentum indicator.
You can see below on the hourly, the SP jumped across the 8ema and bollie median on Friday and then closed out of bollies on Monday (hourly chart). That kind of told me that .13 might be it for a while. Once you become familiar with these patterns it becomes far more comfortable. I think Gmund has already covered this and is well worth listening to IMO.
Cheers
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $385.8M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.2¢ | $325.4K | 6.158M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 2439804 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 326027 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 2439804 | 0.052 |
43 | 4508918 | 0.051 |
47 | 4379369 | 0.050 |
18 | 2268068 | 0.049 |
17 | 885924 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 416762 | 18 |
0.054 | 3281800 | 15 |
0.055 | 1248425 | 14 |
0.056 | 2908540 | 19 |
0.057 | 1412278 | 14 |
Last trade - 13.57pm 15/08/2024 (20 minute delay) ? |
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