Replies to post #139187 on Simple's Green Room

[pennies2007]

It might drop like a rock from your zone, Jav. UCAD dropped from the zone you had laid out earlier today. But if we follow the rules carefully, it means we'll miss out on some trades but it will keep us out of trouble on others.

The NJ short is looking great around 74.45 to 74.50. Heavy and I are waiting to short that sucker. Should be good for 70 to 80 pips profit if the zone works out.

Here's the NJ 5 Minute chart again. I went ahead and drew in the trendlines also just for added confirmation.

I'm looking for a TP that falls back 50% from the lowest low to the bottom of the zone. That would put us at a TP of about 73.68. But, I always move to the next big number zone above so I'm looking at a TP of 73.80 once I'm short.