BACKTESTING WEEKEND FOR ME! Nice opportunities that I missed What do you do on weekends ? I'm currently backtesting with a Mike in my hand lol
With AC being bullish I do see an OB above. I don't think price would flip BUT I do wanna buy up to that point. I did find an OB on the 5m time frame with a bunch of liquidity above. A trade I will be looking at possibly for the new week if nothing "weird" happens over the weekend.
Trade went down nice, I just closed out on GU just cause price seems to not wanna break that low and markets are about to close for me. Took partials along the way and recovered from the minor losses.
Trade put us right into profit. Of course partials were taken, trade running risk free
The trade did sell and I ended up taking partials so the first entry is risk free. Once price came down, I dropped to the 1m time frame and saw an opportunity for another entry since I could take the risk after taking partials from the first. After the 2nd entry went my way I took partials again leaving both trades risk free. Seems like price is gonna stop me out...
Another rinse and repeat set up. I originally said price could hit the ob above to then drop but ill be paying attention to the ob below now that price shot down. A big sell opportunity, we'll see
Not seeing that much liquidity under the OB. So instead of targeting the last low for tp I'll be looking to hold until price comes down to the ob below that COULD potentially make price turn.
Took a personal trade, tp hit with a little over 50 pips. Looking for another sell opportunity! Rinse and repeat, liquidity again in our favor.
So far just 1 loss from yesterday, personally went through things so I wasn't really on charts. But rinse and repeat. A potiental trade with liquidity in our favor.
With EU still being bullish on higher timeframes I'm still sticking to my buys BUT I'm seeing a sell opportunity. Which ever OB gets hit first is the trade I'm taking. With the sell position It could either go my way and hit tp or price could stop me out just cause I'd a part of liquidity.
Another pair that's currently bullish. With price respecting the previous OB and confirming the trend continuation I'll be looking to buy where price last broke structure. There was an OB I marked on the 1m time frame and of course tp will be the OB above that could possibly cause price to flip but we'll see when price gets there.
With AC being bullish on the 1hr I see an opportunity to possibly buy long. My target is the OB above to the far left. I'm just looking for price to full and I'll trail my sl while taking partials. I'm seeing liquidity forming nicely above the OB I have so we'll see. I personally haven't traded anything this week so far just cause I didn't like any of the set ups.
UJ been treating me nicely now lol. 2nd position running risk free! Great way to end the week. Made up for the minor losses and more. Lets work ! Personally hit me
Gains boys, gains. Forget the Risk:Reward. Risk management A1. Recovered from the loses and some.
3rd times a charm right? took partials, currently running risk free
Someone come take my monitor before I put a hole in it ctfu. So close to breaking even too. It's all good, ending the week with profits. Until next week !
Second entry currently running in profit! We'll see if UJ can drop from here.
I see price consolidating right about now. With CHF having a bank holiday I'm looking to see AUD take over with a possible buy. Risking less than usual.