Hi pros, i'm looking for short on this pairs this week
There is a bearish bat too
There is a bearish bat too
Trade active
it rises really fast and I think price need to pullback before any new leg upNote
short usoil (island reversal)aim for 58 then 55
investopedia.com/terms/i/islandreversal.asp
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loss on USDJPY and SPX5000USDwin on EURUSD/GBPUSD and AUDUSD ( respectively : 1:3 /1:3 and 1:1:5
take half of the win on EURUSD and GBPUSD let run AUDUSD to at least 1:2 to take
loss = 56
win = 42 + 42 = 84
AB : 1415 + 28 = 1443$
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oups I forgot the loss on goldAB : 1443 - 28 = 1415
We stagnate for the moment but we have a lot of free trade (don't forget to move SL to break even)
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take half on AUDUSD AB : 1415 + 28 = 1443$
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Ok the problem was the structure was too thin and it was on 1H , lesson learnt on 1H
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conclusion : next winning trade on daily or 4H don't add when it's 1:2 and you took half. be satisfied with what you receive on the day.Note
maybe it's wrong but I think you have better winning rate on larger time frameNote
take the rest of profit on EURUSD and GBPUSD : +48 , +52 respectivelyand the rest of the first trade on AUDUSD and half of the second trade : +42, +21 respectively
total:
and calculate with the loss on USOIL and GBPUSD +EURUSD = -84
AB : 1444 + 99 = 1543$
we will think about reshort gbpusd and eurusd
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today we made 9% even with the losses we got it's a very nice performance and we learnt a lot from the errors. that was a really good day, I hope this will continueNote
move sl to break even on both EURUSD and GBPUSDNote
take half of the half profit in AUDUSDAB : 1543 + 21 = 1564$
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Take half on GBPUSD and EURUSD AB : 1564 + 28 = 1592$
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sorry it's 1:2 so it's 28$ moreAB : 1592 + 28 = 1620$
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take half on the trade we took 5 minutes ago on EURUSD and SL to BEAB : 1620 + 28 = 1648$
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Take half of the half of the first trade on EURUSD and GBPUSDAB : 1648 + 21 + 42 = 1710$
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sorry it's the half of the half AB : 1710 - 31 = 1679$
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take all profit on EURUSD+ AUDUSD + the rest of profit of first trade on GBPUSDand calculate with the loss on USDCADBecause we reached 0.618 and price rebound
AB : 1707 + (78-28) = 1757$
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Short usoilDisclaimer
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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.