EURCAD 4H SHORT TRADE
Updated
TSG MONEY MANAGEMENT RULES.
1 - Enter 2 trades @ Sell Limit @ 1.4554 - 1% Trade Balance each.
2 - 4H ATR = 25.
3 - SL = 1.5 x ATR (1.5 x 25 = 37.5 = 1.45915) SL for both trades.
4 - TP = 1 x ATR ( 1 x 25 = TP = 1.4529) TP is for 1st order only, 2nd order no TP let profit run.
5 - When 1st TP hit move 2nd order SL to breakeven.
6 - Trail 2nd SL behind previous fractal highs.
Price moved up to retest a previous Sup/Res level.
Sell Limit made @ 1.4554 for 2 trades.
1st TP hit @ 1.4529, move 2nd trade SL to breakeven @ 1.4554.
Price had a bullish pullback and hit 2nd trade SL
Price stayed below the previous Sell Limit level of 1.4554.
Price re-setup short trade and re-entered another Sell Limit order @ 1.4554.
1st TP hit @ 1.4529, 2nd SL moved to breakeven.
Price created a new current fractal low support of 1.4513.
Moved Trail SL to current fractal high @ 1.4537.
Price created a 2nd current fractal low support at 1.4483.
If Price breaks that level then Trail SL to 1.4505 current fractal high.
Continue to trail SL if Price continues its bearish move.
This current EURCAD 4H Short trade was found by DACapitalTrading Jan 13th.
We added to this short trade our TSG money management trade plan.
1 - Enter 2 trades @ Sell Limit @ 1.4554 - 1% Trade Balance each.
2 - 4H ATR = 25.
3 - SL = 1.5 x ATR (1.5 x 25 = 37.5 = 1.45915) SL for both trades.
4 - TP = 1 x ATR ( 1 x 25 = TP = 1.4529) TP is for 1st order only, 2nd order no TP let profit run.
5 - When 1st TP hit move 2nd order SL to breakeven.
6 - Trail 2nd SL behind previous fractal highs.
Price moved up to retest a previous Sup/Res level.
Sell Limit made @ 1.4554 for 2 trades.
1st TP hit @ 1.4529, move 2nd trade SL to breakeven @ 1.4554.
Price had a bullish pullback and hit 2nd trade SL
Price stayed below the previous Sell Limit level of 1.4554.
Price re-setup short trade and re-entered another Sell Limit order @ 1.4554.
1st TP hit @ 1.4529, 2nd SL moved to breakeven.
Price created a new current fractal low support of 1.4513.
Moved Trail SL to current fractal high @ 1.4537.
Price created a 2nd current fractal low support at 1.4483.
If Price breaks that level then Trail SL to 1.4505 current fractal high.
Continue to trail SL if Price continues its bearish move.
This current EURCAD 4H Short trade was found by DACapitalTrading Jan 13th.
We added to this short trade our TSG money management trade plan.
Note
Correction on 2nd current fractal low breakout.Price did create a new low so Trail SL was moved to 1.4505
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