Todays 6am open is 14991
Looks like we may have the first trade of the week.
The 7am bar was 14990 - 15091
The 8am bar was 15021 - 15091
So we will place a buy stop at 15095
stoploss at 15017
We are willing to risk 3% of our account balance of $13542.15 which is $406.26 we will buy 5.2 contracts ( 406.26/78 = 5.2)
If the trade is not entered by 10am i will cancel the order.
I doubt whether this trade will turn out to be our most profitable as i can't see a massive break to the upside from 150 but you never know, that's why we'll put the trade on with our stops in place and see what happens.
Trade cancelled, cable has traded through the open and is now in negative territory....