So many bad decisions here, how to unpack it. had the 280 calls that the market absolutely obliterated, was way in the money. instead of doing like I learned and NOT moving the challenged side, I sold MORE calls at 285 which is also went through. I then sold puts at 283 which expired OTM but suffered a major loss. Lesson learned, don't adjust the challenged...
Trade entered on a 5 minute timeframe Trade Setup -Spike base identified -Double bottom price pattern Trade Management -Trade Entered @ 0.76130 -Stop Loss @ 0.76000 - Target Profit @ 0.76450 Let's see how it goes....
The Setup -Resistance at the 0.7287 level from 4hr chart -trendline break -Price struggling to make higher highs Entry @ 0.7281 only if price does not reach 0.7265 before (this is the 1.618 fib level of the measured move, my first TP) Trade Management - 2 sell limit entries @ 0.7281 - Stop Loss for both is @ 0.7294 - TP 1 @ 0.7265 Fib Level 1.618 of measured...
HEAD & SHOUDLERS PATTERN - Inner Trendline Break - Measured Move Trade management walk through - 2 trades opened - 2 different targets ; 1st target 1.618 ; 2nd target 2.0 - same stop loss - after 1st target hit SL will be moved to breakeven Let's see how it goes...