US100 SHORT

Fast rally to the weeks highs, So fast that a retrace is highly probabal.
This retrace will allow a break even aproach to the trade which makes it low risk.

Epecting the lows to be taken if this high rally doesnt hold

Comment:

Sl moved between the last high and the high of the day, Roughly around 18080.

I dont use physical stop loss's, Only visual as my risk allows it.

Ei on my risk allowance;
I risk 1% of my capital per 1% market change.
So in this trade my starting risk was -0.53% and my profit will be around +1.59% of my account size, as per the market change %.

Comment:

Sl now at break even

Comment:

Price is sitting around my SL area.

If broken and held above i will be closing the position and reversing to a long.

Remember, i do not use physical stop loss's, Only visual/mental ones.

Will update if the SL gets hit

Comment:

As i can see. Price is respecting or testing should i say, my entry point.
This to me validates large orders being processed at my entry price level.
What i now want to see is rejection from this price range.
If price closes above the current high it has formed i will be closing my postion for a small loss (-0.05% ish)

Again, I do not use solid SL's, Only SL points of reference.

This is the moment im either out this trade or going to see it hit TP.

Comment:

Final retest of entry level, A break and hold above this high will result in a small loss on this trade and a reverse position to be opened.

This is the make or break moment

Trade closed manually:

Closed for break even