Short

Mis à jour

Head and shoulder

A short position to be taken and covered according to areas marked based in trend based fib levels

Trade fermée: cible de profit atteinte

short covered

Note

Trade reentered after confirming the PRZ...
This time in long position...

Trade fermée: cible de profit atteinte

ABC fibonacci retracement change to the new bottom, instead of the ABC of the AB=CD pattern... 0.382 level changed and take profit entry changed ....

Long closed

Transaction en cours

same chart post head and shoulder....
Trade reopened as i fell the head and shoulder effect has bottomed out...

The long entry has been done 0.886 level keeping a very close stoploss at ab=cd level...
lets see hoe it plays out..

Transaction en cours

should have squared off at 0.618AB!

Transaction en cours

i guess 0.618 has become a stalemate level.... will square of if good vol breakdown happens below this level..

Trade fermée: cible de profit atteinte

Transaction en cours

same chart...trade reopened in bracket order

With current entry tp and sl specifications at the back of a bullish AB=CD

Trade fermée manuellement

bracket order abandoned..
bullishAB=CD pattern failed to establish after abc retracement didnt work in bearish favor...

Transaction en cours

same chart...

reorganized the AB=CD , bracket order placed again...

Transaction en cours

Short order executed...
Another head and shoulder?

Cover order re adjusted

Transaction en cours

most probably conviction is right, another head and shoulder in formation, still right shoulder yet to go!

cover order maintained after readjustment from 0.618AB to 0.886AB

Transaction en cours

stoploss revised to B point of AB=CD
More short positions added
Volumes degenerating
This is a confirmed head and shoulder..
Feeling excited! bit of high risk taken

Note

sorry correction, stoploss revised to C point of abcd

Note

have been typing wrong with all the excitement..

Sl revised to A point and more shorts added to C point of abcd

Note

failed head and shoulder...!

Trade fermée: ordre d’arrêt atteint

made a basic mistake, didnt catch the divergence well, the moment the divergence happened, the price got caught in a symmetrical triangle , which broke out !

Lesson learnt..

Note

here is that symmetrical triangle post divergence..!

capsule91

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capsule91