ES- what do we do when the target one is hit

As you can see we almost at first target now. What happen next? Well you see a descended triangle in yellow color. this is cuntinuing pattern. Price most likely jump around either two descended triangle you see and then move down again to even lower target. When target one hit I decrease position to half. Then I let rest of position ride.

This is so far very profitable trade, and will end very profitable. Even though I come very much, about 10 times, very close to my stop. within 1-2 points but I survive. Now I make good profit no matter what. Now as I write, first target hit. Now on to second phase of trade.

Commentaire:

So now I go big, with half position. I may go back to full position if I can find an place to add. But few support from here to go big target. So this may be hard. But I like this go big chance, and I like my position. I though think that ES will bounce around for a while in my yellow triangle.

Transaction en cours:

I do not find any bull power at all. The first hint would being bullish divergent. This be when more carefulness will be needed.

Transaction en cours:

So I booked 1/2 profit at 3116. Now has pull back but still within yellow descend triangle. I say earlier it bounce around in triangle for bit to consolidate and then next legs down. So far hold true. But you never know so keep stop always. No matter this be profitable trade for me. But I would like this to be a big profitable trade so I still have eyes on the go big target. Let me know what you think. Please give thumbs up and follow if you find this interesting post.

Commentaire:

Commentaire:

I forget to say too, RSI be respecting down trend line at bottom. And no regular positive divergent yet. And no hidden bull divergent either

Commentaire:

This trade no longer valid. As descended triangle broken in wrong direction- often triangle is continuting pattern but not this time. My trade work out well, but do take detour after my first target hit. Here is how my trade go. M

enter 3902
take half profit at 3816
pullback an I stop out at 3880
reenter short at 3880 (trade still valid)
Exit completely at 3858

total profit 300 ticks

I made mistake. I make pullback stop from initial target too big. Should be about 1/4 of distance from entry to exit with 1/2 position at that point. Also I think I set goal to big at 3656. It very valid reasoning, but with 4 hour chart probably to big a bite at once.

Trade fermée: ordre d’arrêt atteint:

trade over