Posted by: joetradingplace | January 15, 2015

Good start of the year

The year started very well, managed to catch some good trades off the yearly open, for people who have been following this blog, you know how I like trading off the yearly open. I think its a very significant level, and it is objective. Different traders will draw different levels of S/R, pivots…its all subjective, but the yearly open price is the same no matter where you are in the world. For this who haven’t noticed, draw the yearly open line and keep it on your charts for the whole year, watch how price reacts to the level, its amazing. Have a look at some of the trades we have taken off the yearly open.

This shows some partial profits taken

Res1

This shows some trades currently open
res2

Shows charts with trades taken using the yearly open price

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This shows a lovely trade taken end of last yearly…this a one of my very long term trades, i have taken partial profits on 3 lots and 3 lots have been left running.

res4

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