1) Daily trend: down
2) 8-hour chart: price rejection just above significant resistance; oscillator divergence creating a short setup.
3) 2-hour chart: oscillator divergence & hook down, confirming short setup.
Short trade trigger missed; waiting for retracement to entry level.
Entry: sell 10,000 @ 0.71160
Initial stop-loss: 0.71415
1st target: 0.70350 (buy 8,000)
2nd target: 0.68534 (buy 7,000)
Trail stop on remaining 5,000
2) 8-hour chart: price rejection just above significant resistance; oscillator divergence creating a short setup.
3) 2-hour chart: oscillator divergence & hook down, confirming short setup.
Short trade trigger missed; waiting for retracement to entry level.
Entry: sell 10,000 @ 0.71160
Initial stop-loss: 0.71415
1st target: 0.70350 (buy 8,000)
2nd target: 0.68534 (buy 7,000)
Trail stop on remaining 5,000
Comment:
Correction: entry sell should be 20,000 @ 0.71160
Trade active:
Stop-loss moved to 0.71095 (had I entered at the initial trigger, the stop-loss would already have been exceeded).
Trade closed: stop reached:
Starting balance: $4,266.75
Gross P/L: + 13.20
Commission: - 1.60
Roll: - 0.96
Net P/L: + 10.64
Ending balance: $4,277.39 ( +0.249%; - 4.947% YTD)
MAE: 11.7 pips (0.462R)
MFE: 73.2 pips (2.893R)
Gross P/L: + 13.20
Commission: - 1.60
Roll: - 0.96
Net P/L: + 10.64
Ending balance: $4,277.39 ( +0.249%; - 4.947% YTD)
MAE: 11.7 pips (0.462R)
MFE: 73.2 pips (2.893R)