Short

EURUSD Short 2:1 RR (No Order for now, waiting)

Updated

For those interested after a stream. NO ORDER IS SET for now Will be updating this as it goes.

**DISCLAIMER:
My style of trading is Day-trading. Average trade duration is 1 hour, median duration 29 minutes.
I NEVER risk more than 1% per trade. Risking more than that is disastrous.
Trading like that involves quick decisions based on fast candle developments such as 4M and 15M. Early exits is the norm. I post this information mainly for myself to guide my thinking process, but if you use it for your own educational purposes it's solely your responsibility of your trading. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice. **

Trade active

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Running well

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Stop moved to 1.10001.
Risk reduced from -1 to -0.78. Which is nice.

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Yes, we are getting LTF bullish order flow (it's not 4M, more like 1M), but the idea is that there is MTF supply that should push the price down and it needs the LTF + sLTF (super LTF) to load up on MTF and so forth.
Of course it might fail, but that's the idea that we base a trade on.

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Feels bad man, but still possible it turns around. Risk reduced which is nice.

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CHF News coming in. Might give us a move down or loss. Will see

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Huge purple volume. Price respected some supply + pattern line. Might hold.

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Moving well. Watching super-closely. Giving it all the attention it deserves <3

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Good close. But LTF50 wasn't broken so not feeling supercool about it.

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Not the easiest trade at all

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Surviving

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Disgusting close, but it is what it is. -0.78 trade. All good.

Trade closed: stop reached

All good. That's it - no more trading for today.

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The risk was with this rejection of levels + MTF50.
But, with such a safe stop + overall HTF pullback-mode I think it was worth it. We knew that it might move up from here that was the reason for such a wide stop under the circumstances, but that's the cost. We also managed extremely well, reduced risk as per the price movement. Great trade.

Lightwork_

Lightwork Trading

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.