01:11 Our GOOD NEWS trade
02:38 +SL has been set (Manual Trailing Stop)
03:25 Follow, Join, Boost, Comment
(3) TP @ 1.0985 (missed by -6 pips)
(2) TP @ 1.0980 (8m) ⏳
(1) BLO @ 1.0920 (1H) 📈 +37 pips or +$370.00
ADDITIONAL INFO:
🤑 In case you for got, we made +26 pips or +$260.00 USD*️⃣ from our last Buy Stop Order
1️⃣ As anticipated, Price Action (PA) pulled back (PB) and we were able to catch the continuation of the uptrend (UT) with this Buy Limit Order (see Net Equity above)
2️⃣ Now that a new minor Supply Zone (8m) has been created, I've lowered our Take Profit price by -5 pips (see above)
3️⃣ Although PA moved in our favor, this impulse to the upside missed our original TP @ 1.0985 by -6 pips.
*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)
02:38 +SL has been set (Manual Trailing Stop)
03:25 Follow, Join, Boost, Comment
(3) TP @ 1.0985 (missed by -6 pips)
(2) TP @ 1.0980 (8m) ⏳
(1) BLO @ 1.0920 (1H) 📈 +37 pips or +$370.00
ADDITIONAL INFO:
🤑 In case you for got, we made +26 pips or +$260.00 USD*️⃣ from our last Buy Stop Order
1️⃣ As anticipated, Price Action (PA) pulled back (PB) and we were able to catch the continuation of the uptrend (UT) with this Buy Limit Order (see Net Equity above)
2️⃣ Now that a new minor Supply Zone (8m) has been created, I've lowered our Take Profit price by -5 pips (see above)
3️⃣ Although PA moved in our favor, this impulse to the upside missed our original TP @ 1.0985 by -6 pips.
*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)
Trade active
s3.tradingview.com/snapshots/i/iZP6DOFF.pngEURUSD (9m/5m) ADD-ONs
1️⃣ BLO1 @ 1.0949 (9m) ⏳
2️⃣ BLO2 @ 1.0943 (5m) ⏳
ADDITIONAL INFO:
1️⃣I'm confident we'll get a reaction from this Demand Zone (DZ) @ the 9m, but I'm not so confident of it holding because it's formation is a downtrend (DT)
2️⃣ This 5m DZ is where I expect PA will begin to turn and return to the uptrend.
⚠️ PA could go as low as 1.0938 (5m) — this is the distal wick of the 5m Demand Zone
🚫 ALWAYS PROTECT YOUR PRINCIPLE. Use:
(1) a Stop Loss
(2) a Trailing Stop, or
(3) a Manual Trailing Stop (my personal preference)
🤔 MANAGE YOUR POSITIONS:
— Lot sizes ~2% of the Net Asset Value of your account
— Reward yourself; shave off some early profits
— Master entering a position at:
(1) Support/Resistance or
(2) Supply and Demand
Professor C. E. Ward
Related publications
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.
Professor C. E. Ward
Related publications
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.