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Yea mate. The swing high worked perfectly for the stops there. lobbed it out at 65. Found the perfect limit a bit late
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cable touched that trendline again, watching for new entry (btw previous trade had profit taken @ 143650 - fib level, should have kept the TP @ 14350 as it just touched down there.... rest stopped out @ 14395 for 10 pips on one unit and 55 on the other - happy with that)
short again at 14405, first target at 14368, s/l @ 14430 -
price seems to have found a floor @ 14387 ish - some higher lows should have seen me scratch this but hung in..... now slightly against, may move stoploss down/close out if higher high is made @ around 14414 - still in wait and see mode currently, outlook for the next two days should be interesting as it seems a real wedge is forming -
Saw this earlier. Looks like it's going up.
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pocrel
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on the aud/usd lower time frame price is making lower lows and lower high
if price brakes down then 8325 is the area of interest
well that trade has completly done a u turn which could send it to been a long trade now but i wont be taking any longs at the moment just my preference only looking for shorts
if price brakes down then 8325 is the area of interest
well that trade has completly done a u turn which could send it to been a long trade now but i wont be taking any longs at the moment just my preference only looking for shorts
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Hi Nut,
Thanks for the msg glad you are enjoying the journal.
I trade from a fair few different methods so some strategies have fixed price targets others I will use a trailing stop and try to run the trade for as long as possible. It all depends really I use different trade management on different setups.
At the moment where im working we are trading fairly mechanical rule based systems with the idea being it keeps the equity curve a lot smoother as there’s fixed risk/reward in place as well as fixed money management which helps protect against doing your nuts.
For the private accounts (personal as well) and they are the trades I usually post on here, Im not tied by a boss or risk manager so a lot of the time they are more discretionary.
For sure post some charts would be good to see just try not to swamp the place
Thanks
Pozzy
Mate it looks like it could go either way. Theres a good top trendline too.(Wedge) I think theres some intervention around there, but if it breaks that bottom line, surely 1.18 is on the cards next.
Yeah mate, Its a serious level. The only thing is if it holds do you have the confidence to buy it? Doesn’t seem like the best of ideas to be long Euros. But gotta trade the plan I guess
Going to look to trade it in the same way as always breakout pull back strat.
Its worth bearing in mind we have seen a massive sell off here so I feel like im coming into the move a little late. Would like to see a retracement first before shorting this but im going to short the pull back none the less. Ill try and post the trade as I take it.
Its worth bearing in mind we have seen a massive sell off here so I feel like im coming into the move a little late. Would like to see a retracement first before shorting this but im going to short the pull back none the less. Ill try and post the trade as I take it.
