Last week marked the first losing week of the year.
With a strong upward trend, a price pullback is expected.
By using tight stop losses and effective trade management, we keep losses small while aiming for larger gains. To achieve this, the stop loss is moved to break even once the price gains 20 pips.
a or b? Only price can tell
With a strong upward trend, a price pullback is expected.
By using tight stop losses and effective trade management, we keep losses small while aiming for larger gains. To achieve this, the stop loss is moved to break even once the price gains 20 pips.
a or b? Only price can tell
Trade active
pinching +20pips, sl is moved to BEEntry @422
dtp (dynamic TP) @ 576
Trade closed manually
Momentum slowed a-much.Entry @422 closed for +40pips.
will be looking for a bounce from upper zone/level
Note
As hoped, rebounce off the upper level for entry @391 sl -10pips
Note
Entry @391 closed for +70pipsPrice bouncing off at a calculated level around lower swing level for entry @642
sl -15pips
2 trades: +40/+70 : +110pips
Note
Price pinching +50pipsMove Sl +20pips
Note
Entry 642 closed +80pips3 trades: +40/+70/+80: +190pips
Sell entry @449
sl -15pips
Note
Entry 612 closed for +20pips5 trades: 3 trades: +40/+70/+80/0/20: +210pips
Sell reentry 595
sl -15pips
Note
Entry 595 closed for BE6 trades: +40/+70/+80/0/20/0: +210pips
Buy entry 554
sl -15pips
Note
Entry 554 stopped out7 trades: +40/+70/+80/0/20/0/-15: +195pips
Good trading week.
Have a restful weekend
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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.