Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
The analysis is made based on order flow using volume profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Commentaire:
for all the harmonic traders out there, we are looking at an ABCD pattern whose targets would be extended up to the highs of the recent impulse
Commentaire:
price still forming a series of Dojis - no entry yet
Commentaire:
Buy stop set @ 1.6319
SL @ 1.6311 (8 pips)
TP @ 1.6332 (13 pips)
SL @ 1.6311 (8 pips)
TP @ 1.6332 (13 pips)
Commentaire:
The price just tapped the 0.618 - the pending order still remains valid
Commentaire:
Price is taking the form of a wedge - time for a breakout..?
Transaction en cours
Commentaire:
Stop loss moved to 1.6316 cutting down my risk to 3 pips
Commentaire:
Commentaire:
note that the TP (1.1632) has been reached but the pos is still running due to the spread
Commentaire:
I will consider closing it manually
Trade fermée manuellement
Commentaire:
Closed 2 pips from target
+11 pips
See you again tomorrow - no more trades for today
+11 pips
See you again tomorrow - no more trades for today
I will update as soon as there is an entry