While I setup a Big 3 short trade and exited with 20 pips a bearish flag developed. I took off 1/2 of my position with the Big 3 trade and entered a 2nd position on the flag short trade. Will exit both trades when TP .8935 is hit. I used the length of the pole of the flag (28 pips) to find the 2nd TP level.
Note
Bummm!! I am new to Tradingview so I am getting use to trading live on a different platform and using this platform for the interactive chart. If I was watching my live trade better on the 5m I would have closed my trade @ .8845 when a green doji painted. Instead since I posted a TP on the Tradingview chart I was holding on to see if it would come back and hit it. Right now price pulled back and broke my 20 sma, the 38.3% fib and my support level entry. I am closing my trade with a couple pips profit on the flag trade and my 20 pips on the 2nd half of my first Big 3 trade.
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.