TygerKrane wrote:prochargedmopar wrote:TygerKrane wrote:
Hahaha! I'm actually planning a MASSIVE Short from this area
I'm thinking MASSIVE short would have been a little more conducive from the .88 to .90 area.
Not to sure about shorting from this level.
I make blueprints...if PA goes the way I imagined it, I'm hitting it hard, so to speak.
If PA does not go the way I imagined it, my losses are minimal, or, I'm not in the market altogether.
I don't care if 8 out of 10 blueprints are crap right from the start and I look like a total noob...the 2 blueprints that are correct will get pressed SO HARD, you wouldn't believe that I was trading on U.S. restricted leverage limits.
Other than that, I TOTALLY understand why someone might not feel comfortable shorting from this area...But I really only need about a 200 pip move to make it worth it.
However, being that I'm in my busy season at work , I get a MAJOR urge to try and ride a Weekly RatR as a "hands free trade", instead of setting a TP. It's because my mental wherewithal & patience are crap during this time, so I'd rather avoid having to search out a whole bunch of entries and re-entries.
Sounds like it makes sense to you.
I wish I could afford this short!!!