Took this drop on the open and closed out at 200 pips. Was looking for a cleaner entry on the buy. Was looking for a sell to buy off of a 1H imbalance. I was wrong and I was looking at the LTFs a bit too much but still got out in profits.
i will link the previous analysis below to see how i saw the market then. and i updated it why we are closing this trade. we got a break of structure but at the end we saw more selling pressure and went all the way to test the daily support which is okey. so it mean the broken structure we saw is invalid and now we need to base it. by h4 timeframe and h1. so...
AUDUSD H1 CHART ON AN UPTREND. SMALL PULLBACK AT FIB 32% LEVEL....STRONG ENTRY POINT FOR (BUY) AROUND 0.63816 .....TO CLOSE TRADE AROUND 0.64318 +40 PIP MOVE FX:AUDUSD
Analysis for a BUY was published on here on the 23rd! entry was around 1.61400, closing this now +130
I would close this trade at this point if I were swing trading. If you bought in in the green support area from august, it would have been about a 35-40% gain on this one.
As discussed in my previous posts, we were long the pair and advised entry in 3 tranches. 2 of the trades were executed at our levels and we also hit our TP at 109.20 levels... I had mentioned in my previous posts that 109.30 is an area of congestion and we can see that markets so far couldn't beat that level is around that zone. If you look at the RSI, bulls...
closed previously entered bear call spread on X entered 5/24 for .17 credit closed 5/29 .08 debit net $9 profit
opened bear call 14/14.5 for .27 credit reached 50% profit target and closed on 5/29 for .14 debit net $13 profit
May 22 opened bear call spread 25/25.5 for $15 credit reached profit target on May 29 Closed 5/28 $5 debit $10 net profit
See how the 5-wave did not hit the next quarter level. In fact, it corrected to the downside. So we should not see a push up the the 111.000 mark anytime soon. I have closed out with a 20 pips profit.
Trade with >70% probability: SELLclose@ 1,2262 Risk: - 33pips Profit: +17pips Profit/ Risck Ratio: +51,5% Theoric Probability: >70% Actual Probability: + 93,75% Total Gain: +468pips
Trade with >70% probability: SELLclose@ 1,2262 Risk: - 33pips Profit: +17pips Profit/ Risck Ratio: +51,5% Theoric Probability: >70% Actual Probability: + 93,75% Total Gain: +468pips
Opening prices: LHA@12,33$ RWE@12,50$ UN01@13$ Closed all positions at 22,80$, 20,25$ and 23,17$ respectively. Here i figured i would just let loose for now and liquidate these positions. For the moment they all seem topped out and with elections coming up in Germany i figured: Take the money and run! Will be doing some further charting on these in the future...
GM has been pulled back from 38. It is time to long GM. Setup the position by selling short of the Jun 32 Put. Position: Short June 32 Put Credit received: 0.62 Target: 50% of the premium (0.32).
This trade is linked with the other USDJPY: I've palced a different buy limit entry with some adjustments to the trade management - Bias / Setup is still the same (LONG) as mentioned in the previous idea. Trade Management: - 2 Trade entries (instead of 1) @ 100.18 - Stop Loss is 99.84 - 1st TP is @ 101.065 - 2nd TP is @ 101.405 - SL will go to Break even...
Trade Setup: -As in the above picture its a congested area and price is failing to make new highs -Number of patterns are detectable -On the 15min chart there is a Double Top -Trendline Break -Meausured Move Trade Management -2 Trades entered @ 0.7275 -Stop Loss for both @ 0.7309 -Target Profit 1 @ 0.72211 Fib level 1.618 of measured move -Target Proft 2 @...
Short EURGBP - Price overextended - Double top pattern
Trade Setup: -Measured move from retest of major support / resistance level -No particular pattern found -Trendline break Note: The ideal point to enter thsi trade would have been the break of the trendline as mentioned on the chart I have decided to enter on the basis of the long wick candle (with the arrow above it) Trade Management: - 2 Limit order placed at...