ETC 1h : Short
Updated
1. DID THE MARKET PROVIDE AN OPPORTUNITY?
Yes, the chart pattern show lower high --> We have Short opportunity
2. DID YOU HAVE A PLAN?
yes
3. DID YOU ENTER?
Yes, I will enter this deal
4. DID YOU APPLY RISK MANAGEMENT?
Yes, I will use 2% of my equity for this deal
5. DID YOU USE A STOP LOSS?
Yes
6. DID YOU MOVE BREAK EVEN TO OBTAIN A FREE TRADE?
Yes, after the price break TP1
7. EXIT PLAN?
I will exit 50% at TP1, then move the remain to break-even, what until TP2 or stopped out
8. IF STOPPED OUT THEN RE-ENTRY PLAN ?
If the price bound back and eat my stoploss, then I will reentry SHORT if the market show the opportunity again .
I will re-entry maximum 2 times.
Yes, the chart pattern show lower high --> We have Short opportunity
2. DID YOU HAVE A PLAN?
yes
3. DID YOU ENTER?
Yes, I will enter this deal
4. DID YOU APPLY RISK MANAGEMENT?
Yes, I will use 2% of my equity for this deal
5. DID YOU USE A STOP LOSS?
Yes
6. DID YOU MOVE BREAK EVEN TO OBTAIN A FREE TRADE?
Yes, after the price break TP1
7. EXIT PLAN?
I will exit 50% at TP1, then move the remain to break-even, what until TP2 or stopped out
8. IF STOPPED OUT THEN RE-ENTRY PLAN ?
If the price bound back and eat my stoploss, then I will reentry SHORT if the market show the opportunity again .
I will re-entry maximum 2 times.
Note
Nice Move ! The price is reaching Target 1Trade closed: target reached
Done, Target 2 reached
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