yes that butterfly i drew started on 22nd May.
I built a position last night once it came back over the 95.60 level
the problem with butterfly trades is that according to the theory the stops are very far away in this case below 92 and thats too much. difficult to know how much to risk.
arco, what is your typical trade horizon? been following your posts for a while, you've got some serious technical firepower there...
I'd really like to be a long term trader and sit with a trailing stop until it gets hit months down the track. But even after all these years of trading I still find it hard to hang on through the ups and downs. I tend to jump on and off as the move progresses. which suits my nature better. Others I know are happy sit on their hands and collect a nail biting 1000+ pips at the end of the run. Each to their own I guess.
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