monkal
Junior member
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Hi
I'm quite new to trading - started trading last year - that is why I would be very grateful if some "experienced eye" could take a look at my charts and give me some (constructive) feedback.
I try to trade using combination of price action, S/R levels and 21/50/150EMA.
At the moment I play only Pinbars. Entry little above/below of real body, Stop under under/above the shadow.
I will post my charts + reasons why I'm interested in any particular trade whenever I spot one. And one more thing - English is not my first language so could you please let me know if I write something stupid
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OK. so here we go..
I'm thinking on going long tomorrow on CPG(LondonStockExhange).
I spotted a pinbar bouncing of 150EMA and Fib Retracement - confluence (i marked the pinbar with green arrow). It is also very close to the TL. I want to put my limit order on 333. my stop loss would be 313. My target is 375. I'm expecting problems at 350 area. If it stops at 350 I will sell 1/3 of my position but leave SL in its place.If it pass that area with good momentum- tall green candle- I will move my stop at BE.Wen it hits 375 I will sell half, move my stop to 350 and let it run.
Please let me know what you think. I hope we all going to learn from this.
Monkal
I'm quite new to trading - started trading last year - that is why I would be very grateful if some "experienced eye" could take a look at my charts and give me some (constructive) feedback.
I try to trade using combination of price action, S/R levels and 21/50/150EMA.
At the moment I play only Pinbars. Entry little above/below of real body, Stop under under/above the shadow.
I will post my charts + reasons why I'm interested in any particular trade whenever I spot one. And one more thing - English is not my first language so could you please let me know if I write something stupid
OK. so here we go..
I'm thinking on going long tomorrow on CPG(LondonStockExhange).
I spotted a pinbar bouncing of 150EMA and Fib Retracement - confluence (i marked the pinbar with green arrow). It is also very close to the TL. I want to put my limit order on 333. my stop loss would be 313. My target is 375. I'm expecting problems at 350 area. If it stops at 350 I will sell 1/3 of my position but leave SL in its place.If it pass that area with good momentum- tall green candle- I will move my stop at BE.Wen it hits 375 I will sell half, move my stop to 350 and let it run.
Please let me know what you think. I hope we all going to learn from this.
Monkal