Dynamic Take profit, dtp allows trade to catch big moves. These are set based on price momentum. Last week provided a humble 40pips.
Initial Swing Zone/Level are calculated at
Zone: 21599-21549
Level set as shown. Either a or b could play out, as determined by Price action.
As price breaks or bounces off these areas, new zones/levels will be recalculated.
Happy trading week
Initial Swing Zone/Level are calculated at
Zone: 21599-21549
Level set as shown. Either a or b could play out, as determined by Price action.
As price breaks or bounces off these areas, new zones/levels will be recalculated.
Happy trading week
Trade active
Sell Entry @158 SL -10pips
Price missed out lower SZ by few pips, but bouncing off upper swing level
Looking for price to retrace back to zone.
Note
Price Pinching +40pipsMove Sl to +15pips
Trade closed manually
Sell entry @158 closed for +15pipsSell reentry @129
Sl -15pips
Note
Price Pinching +40pipsMove Sl to BE
Note
2 humble trades for the week : +15/0 for 15 pinched pipsSmall win given the huge swing up; no FOMO, keeping true to the trading strategy. This way we avoid unnecessary losses and wait for the big wins.
Do have a restful weekend
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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.
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.