Yesterdays plan A worked partly, we got some pips out of it, It didn't hit my SL at zero I manually closed it at 1st TP mark, it showed clear signs of reversing What will happen next? Who knows, wait and see, I doubt the plan B will go into effect, probable it will consolidate a bit, if ti will NOW or at R2 would be best place of entry It can also reverse and...
Re entering yesterdays bad entry :) Have mixed feeling about the trade, so SL to 0 ASAP, and partial closings along the way wanted
Opened The trade early this morning already SL moved to 0 we are few hours before LONDON open so I will probable take some profit before it knocks me out I don't think I will reopen the trade EUR show weakness over most of his pairs, his bearish momentum is slowly ending but there is also no signs of BULLs
IF you are a BULL now is the best and the worst time to enter The London session might be preparing the price for the NY bears IF not we have only one more problematic area between Take profit If you enter be aware of NY session and close the trade if they go full bear IF you want to be a BEAR wait for NY to open 11:00 to 13:00 UTC+1 will show where the...
Famous S&R pivot no. 2 Statistically you can blindly trade reversals of classical S&R pivot no. 2 and will come out positive in many aspects Risk reward is always from 1:1 to 2:1 (and more) Win & loss ratio is also positive Combined with some extra price action understanding and you have very solid trading strategy But this particular trades goes agains all...
The trend is clearly up but it might consolidate for the next 2 days I expect Bull continuation on Monday CAD is also strong across the board - the short pull back of BCOUSD might me very rocky IF there will even be one If you will be BEAR for next 2 day NOW is the time to enter IF you are a BULL wait till Monday (if you are bull already take some profit)
If you are a BULL now it is the best time to open long position or add to already opened position from Monday Goal is estimated to hit Profit Friday, however it might reverse sooner! If you are a BEAR there is also plan B drawn on Chart
Very Strong Buyer I hate when I realize overlooks moments after I entered the trade Also very strong Seller!
We are buying against the sellers BUT we are buying where the buyers have been before
Have been monitoring this trade from morning it finally started to kick Today all the trades are against the overall direction so entries are very important It might hoover before it kicks up, but due to overall down I still need to be prepared on other scenarios
We have very nice V formation on our TF, OG buyer is also showing some dominance If the trade goes our way it has potential to also penetrate higher north
The trade can still turn against us, as overall trend is SHORT But it is big chance that it will re touch the OG seller before it continues its way down I really hope it will not SPIKE to much, our SL is very tight for this type of trade I really hope I will not regret it (Just like yesterday)
Short long trend, I will exit as soon as possible as market might go south before going our way
I fear I entered to early for the market to reveal its way, at the same time I entered to late to pull some pips from mini range and to lock the position
Indicator signal, price action entry
Long EURNZD to add to my EURGBP Trade as it have much better correlation
Why profitable trade not always equal to good trade, and when losing trade still belongs to realm of good trading: This week I made 12 trades: 7 profitable, 5 losing jet only 2 hit our final TP level. overall outcome 4.09% gain. Worst trade this week was EURNZD, as I managed to fail on all possible levels: 1 - wrongly calculated risk - instead of our...