Possibility for spx to drop more : trend continuation setup
like you can see there is similarities with the drop we saw at the end of 2018.
price broke the trendline and pulback to it , where there is a strong resistance(like it does in the end of 2018).
It stayed below EMA 200 and EMAS seems to want to cross -> trend still bearish even with that dead cat bounce
price broke the trendline and pulback to it , where there is a strong resistance(like it does in the end of 2018).
It stayed below EMA 200 and EMAS seems to want to cross -> trend still bearish even with that dead cat bounce
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gonna see on lower time frame to positionate with smaller SL because due to very high volatility we need to put a large SL on higher timeframe
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/!\ always use the adapted money management
/!\ /!\ don't take a trade before confirmation on smaller time frame
/!\ /!\ don't take a trade before confirmation on smaller time frame
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shorted
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usdjpy shorted
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shorted eurusd
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gbpusd shorted
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usdcad shorted
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We have a lot of luck ! :)
today we got some losses but look at USDJPY which is at 1:7.5 RR ratio !!!!!!
we can cover all the loss and took 2-3% profit only with this trade !
today we got some losses but look at USDJPY which is at 1:7.5 RR ratio !!!!!!
we can cover all the loss and took 2-3% profit only with this trade !
Commentaire:
and made a big mistake thinking about to be patient today when SPX was at approximatively 1:4 RR ratio. was thinking about holding all for today and see what happened but at the end that was more greed than patience.
Now we can see the importance of taking half profit when there is 1:2 , 1:3 or 1:4
and not be greedy/patient.
Because the style of trading we are using i'ts a mix of intraday and swing but it's not configurated with enough larger SL to be a swing.
and so every trader take profit when they have a good R:R ratio , we never have to break this rules neither the other rules
Now we can see the importance of taking half profit when there is 1:2 , 1:3 or 1:4
and not be greedy/patient.
Because the style of trading we are using i'ts a mix of intraday and swing but it's not configurated with enough larger SL to be a swing.
and so every trader take profit when they have a good R:R ratio , we never have to break this rules neither the other rules
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then the trade reverse and took all my profit in 1h and hit my break even , was so mad !!!
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take all the profit in USDJPY (1:7.35) : +419
compensate the three losses : -57 x 3
AB : 5704 + 248 = 5952$
compensate the three losses : -57 x 3
AB : 5704 + 248 = 5952$
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short spx500USD
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long usdjpy
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short gold
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and long GBPUSD (bullish crab)
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took half automatically on USDJPY and compensated SPX loss , AB still the same
the mecanism of taking half automatically when 1:2 is perfect because it avoid greed.
even if the trade can make more profit, the probability is with you when you take half at 1:2 automatically.
It's a good way to trade like a robot because the robot don't care about taking half at 1:2 or even taking all. the robot make what he is coded for ,and a robot don't have greed/emotions
the mecanism of taking half automatically when 1:2 is perfect because it avoid greed.
even if the trade can make more profit, the probability is with you when you take half at 1:2 automatically.
It's a good way to trade like a robot because the robot don't care about taking half at 1:2 or even taking all. the robot make what he is coded for ,and a robot don't have greed/emotions
Commentaire:
How to take half automatically without even looking at the screen :
for exemple if you want to risk 20$ (stop loss) , you divide the position by two but positionate the two. and configurate the take profit on one to take all on 1:2 and don't configurate the other , like this it let run the other half.
How to avoid loss when you are in profit:
-> trailing stop
just configurate it with 1:1 or 1:2 trailing stop and you'll never take a loss after being in profit
for exemple if you want to risk 20$ (stop loss) , you divide the position by two but positionate the two. and configurate the take profit on one to take all on 1:2 and don't configurate the other , like this it let run the other half.
How to avoid loss when you are in profit:
-> trailing stop
just configurate it with 1:1 or 1:2 trailing stop and you'll never take a loss after being in profit
Commentaire:
exceptionally we will take all the profit to test, it's almost 2% profit
win spx and usdjpy : 70 + 74
loss on gbpusd: -57
AB : 5952 + 87 = 6039$
win spx and usdjpy : 70 + 74
loss on gbpusd: -57
AB : 5952 + 87 = 6039$