AZN

some good comments so far. just to add to them

When you identify a shooting star i find that the best entry is half way up the shooting star after the day its formed.This way your risk is a lot less than when you enter based on breaking the low of the shooting star.
Stops should be above the shooting star by about 5 pips.
Obviously the above is going against the trend but its always worth a go when a shooting star forms at a known resistance.
dyor

Thanks, RC, Clarky and remo for your replies. I closed the trade at a small loss in order to evaluate your comments. I'm struggling to do it on screen so I'll get it printed off and look at it more closely. Really appreciate the input and I promise I'll be evaluating it closely. Thanks again.

Hi Remo
Just one question about entering shooting star at half way up..
I noticed often price retraces half way up but after few days, would you still enter it to short or you only would enter if it retrace following day?

Short 3098
Stop 3122

RMc (suspecting Remo taken trade too?)

Rossymc wrote: Short 3098
Stop 3122

RMc (suspecting Remo taken trade too?)

Oops!

See how the gap support played its part today. Gaps have a habit of being support and resistance



dyor