US100 SHORT

Fast rally to the weeks highs, So fast that a retrace is highly probabal.
This retrace will allow a break even aproach to the trade which makes it low risk.

Epecting the lows to be taken if this high rally doesnt hold

Note

Sl moved between the last high and the high of the day, Roughly around 18080.

I dont use physical stop loss's, Only visual as my risk allows it.

Ei on my risk allowance;
I risk 1% of my capital per 1% market change.
So in this trade my starting risk was -0.53% and my profit will be around +1.59% of my account size, as per the market change %.

Note

Sl now at break even

Note

Price is sitting around my SL area.

If broken and held above i will be closing the position and reversing to a long.

Remember, i do not use physical stop loss's, Only visual/mental ones.

Will update if the SL gets hit

Note

As i can see. Price is respecting or testing should i say, my entry point.
This to me validates large orders being processed at my entry price level.
What i now want to see is rejection from this price range.
If price closes above the current high it has formed i will be closing my postion for a small loss (-0.05% ish)

Again, I do not use solid SL's, Only SL points of reference.

This is the moment im either out this trade or going to see it hit TP.

Note

Final retest of entry level, A break and hold above this high will result in a small loss on this trade and a reverse position to be opened.

This is the make or break moment

Trade closed manually

Closed for break even

Starb_

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Starb_