Plan A : continue to rise
because there is an accumulation
of strong support composed of (1.618 fib and
a 2.618 fib) and economy is strong
with technological value
-> 70% probability because the trend is up
Plan B : things can go really bad,
it breaks the strong support and begin to fall
sharply (beginning of a recession)
-30% probability because it's hard to say if there
is a top here
because there is an accumulation
of strong support composed of (1.618 fib and
a 2.618 fib) and economy is strong
with technological value
-> 70% probability because the trend is up
Plan B : things can go really bad,
it breaks the strong support and begin to fall
sharply (beginning of a recession)
-30% probability because it's hard to say if there
is a top here
Note
wait for the gap to be filled or a pullback to structurelook at attentivly the price before entering
Note
Account passed from 4344 to 4945$ in one night and there is a lot of winning trade holdingNote
short goldNote
Sl hit on EURUSD and take half on second spx trade : -86 , + 150AB : 4945 + 64 = 5009$
Note
take the rest of the first trade on SPX : +172$AB : 5009 + 172 = 5181$
Note
take half of the resting profit on USDJPY : +43AB : 5181 + 43 = 5224$
Note
take half of half on spx (reached 1:4) : +86AB : 5261 + 86= 5347$
Note
Take the rest of profit on usdjpy beause it's near a strong support: +52AB : 5347 + 52 = 5399$
Note
take half of the resting profit on SPXAB : 5399 + 129 = 5528$
Note
take half of USOILAB : 5528 + 64 = 5592$
Note
take the rest of profit on USOIL and SPX : + 108AB : 5592 + 108 = 5700$
Note
I feel my emotions taking control over my trading , and we already won a lot of money todaygot to stay back and calm down
Note
Sorry reduce the sl to 14 pointswas a mistake to put so much SL
Note
HIT SL on spx, compensate by taking the rest of first GBPUSD trade: -86 , +46AB : 5700 - 40 = 5660$
Note
Take half on gold to compensate oil lossAB still the same
Note
now we have the reduce the risk per trade to 1% instead of 2% for the next days. because we made a monstruous performanceand tonight/tomorrow we will also readjust it comparing to the new account balance
so for now risk per trade is 43$ , tomorrow we stay with 1% but with the new readjusted risk : 57$
Note
short usdjpy too because of correlationNote
hit break even on last spx trade, take the rest of the first tradeAB : 5746 + 43 = 5789$
Note
manually closed USDJPY and USOIL last trade: -43Ab : 5789 -43 = 5746$
Note
take all the profit on AUDUSD and EURUSD to compensate the loss on GBPUSD : +224, -86AB : 5746 + 138= 5884$
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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.
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.