There is a 2618 trade on EURJPY with price sitting right at the entry point. This is a countertrend trading setup in which we are looking for the market to move down again to below 120.00. Entry: 122.550 Stop loss: 124.200 Target 1: 120.600 Target 2: 119.680 Our stop is placed above the high of the double top because at that point the probability of the trade...
We went short today with a bear call spread and less than a month until expiration. Our risk reward for our contracts was an even 1:1, with the breakeven at the 37.50 strike price. Our stop loss is at breakeven to manage our risk to the lowest point possible.
The GBPNZD has multiple times had trouble with the purple box but has recently broken through it and is now coming down to retest it once again! We look to long it when it comes back into the 2.3s again as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows. Other confluences are the .382 fib retracement, the...
It is not first time I was stopped after moved StopLoss to BreakEven. Honeslty speaking feeling after loss is not as painfull, as feeling of 'not taken profit" - actually it is 3 times more painful.... How it happened? Just 3 minutes prior USA news I moved my SL to BE (red circle zone). And then... just look :) The good thing is I made great analysis... so the...
Looking at the 200ma(1h) and 50ma(4h) to hold together which is also a previous support. UPDATE: SL to breakeven. UPDATE 2: Was almost a good trade, but the quick return back up killed it.
A quick speculation short scalp play which is more or less a hedge against my EU short. Looking to TP at the .382. UPDATE: I did an early exit to break even on this trade. As mentioned, this was a short scalp play but this lasted way too long. The price action is dictating long play. New trade attached.
Price action and USD fundamental trade. Looking for trend continuation on the short side. UPDATE: This trade was literally fractions of pips to hit my target but retraced back to breakeven this trade...which sucks because the direction was absolutely correct. Wrong setup plan. Should have set this to a "let it ride" trade.
Looking for a bounce on the hourly .618 & 15 EMA, which is also the hourly .382, back to the downside. UPDATE: SL moved to breakeven half way to target as usual which was reached twice but trade turned on news.
Looking for a quick downturn. SL at 1 unit in profit. UPDATE: Unfortunate breakeven -_-
Price action near the breakout point which is also the broken daily and monthly pivot. Looking for a bounce back to trend continuation.
Looking for a small bounce at the 1.618 fib extension which is also Support 2. UPDATE: The right idea but just a few pips off from the actual target. On my account I actually took profit when price hit the 15EMA but for the sake of accounting, this is a breakeven on TradingView.
Quick movement in the market lower extened what I initially targeted. Currently at the daily pivot which is also the .382 of the initial run up and around the .618 of the current swing low to high. Long rejection candles.
Looking for a short-term downside overnight at the intermediate 4h resistance zone (yellow box). SL to breakeven half-way to target. UPDATE: Sorry for not adding the other chart timeframes. Unfortunately cannot redo :( UPDATE 2: What a tricky play, was fractions for pips from SL then fraction of pips from target...but ended up breaking even. :(
Speculative price action move. Looking at a continued breakout on the long side. SL at 1 unit in profit as usual.
A bit of a redo of last price action. Stop set too tight and like the .618 fib much better. Lesson here, patience. UPDATE: Looks like a break even...crappy trading day.
Had this short placed while transporting to work after the quick bounce off the 15/50 MA and previous structure support. SL is already set to break even. UPDATE: Mistake in making this a 25pip risk trade, would have been profitable if I stuck with my plan to use 15 or 20...but breakeven is the result non the less.
Expecting the short term resistance to hold up for a bit. SL to breakeven 1 unit in. 1 unit = SL in pips. UPDATE: See the importance of creating a breakeven move to protect your run. Trade was 41pips in before it took a turn for the worse. This is why my 3 step trade plan is Trade, Protect, Profit.