✨ AUDUSD: ITF CURVE ANALYSIS (13H) ✨ (DOWNTREND)
SLO3 @ 0.68414 ⏳ (POTENTIALLY)
SLO2 @ 0.6820 ⏳
SLO1 @ 0.6802 ⏳
SSO @ 0.67813 ⏳
TP1 @ 0.66669
TP2 @ 0.6500
TP3 @ 0.63906
BLO1 @ 0.63643⏳ (DO NOT SET.. TANKING POTENTIAL AFTER THIS AREA)
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NOTE: They got me. So our SSO has triggered, however, I'm setting a +SL due to the fact PA is likely to move back up to at least one of my SLO's. I'll set the SSO again after my SLO is triggered.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
SLO3 @ 0.68414 ⏳ (POTENTIALLY)
SLO2 @ 0.6820 ⏳
SLO1 @ 0.6802 ⏳
SSO @ 0.67813 ⏳
TP1 @ 0.66669
TP2 @ 0.6500
TP3 @ 0.63906
BLO1 @ 0.63643⏳ (DO NOT SET.. TANKING POTENTIAL AFTER THIS AREA)
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NOTE: They got me. So our SSO has triggered, however, I'm setting a +SL due to the fact PA is likely to move back up to at least one of my SLO's. I'll set the SSO again after my SLO is triggered.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
Note
OH PHUEY.... only two (2) of our orders triggered before this trade got away from my higher orders. However, I'm keeping them intact and placing a +SL on my SLO1 order. If it comes back, GREAT!!!! I'll have protected my capital on that order but will allow my SSO to go into DD simply because I have a shave order ready to reduce my position in the positive. BUT.... if it doesn't come back to get at least my SLO2, we're into some decent profits currently.... but much more to go.. Let's see what this pair gives us....SLO3 @ 0.68414 - NOT TRIGGERED & MAY NOT
SLO2 @ 0.6820 - NOT TRIGGERED
SLO1 @ 0.6802 - TRIGGERED
SS0 @ 0.67813 - TRIGGERED
Note
YES, my anticipatory moves worked out perfectly on this trade. My +SL was triggered and my SLO2 got triggered! We had 3 orders running in profit (SLO2, SLO1, and SSO) and now only have 2 order in profit. Our SSO is currently banked after hitting our TP1 for about 120 pips! Our two highest orders (SLO's) are still running strong with +SL's in place. This is a risk free and profitable trade! Enjoy the continued profits... Possible update for add-ons coming soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.