Trade #3 EURUSD - Simple trend continuation.Short at breakout.
Happy trading!
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
If target one is hit before opening positions, the trade is cancelled automatically.
Insidemarket
Trade #20.1 GBPCAD - The stairway down of pound.My attempt to trade the trend down.
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
Trade #19 USDCHF - Trading ABC correction of complex retracementI have been watching USDCHF since the last big impulse down, waiting for its consolidation to resume. The retracement became complex with 5 waves, so I am trading a possible ABC correction of the retracement.
Happy trading!
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Trade #18 GBPCHF - Selling the triangle completion.I have identified this contracting triangle which gives a good opportunity to antecipate the next wave just before the consolidation ends.
At 15 minutes timeframe the 'E' wave has it structure broken (the thin blue line). So I placed the orders at the break-point of the line.
Happy trading!
Trade #16 NZDUSD - Target one reached.Target one reached. For the target two the stoploss is at breakeven.
Happy trading!
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Trade #15 EURGBP Failed - This is how it went wrong.Market has gone 'to the wrong side' unfortunately. The process of trading was very cautious and even so the market has punished ruthless.
Prices float in consolidation now, which I did not expect. I was supposed to do so! This adds to my experience.
Loss of 195 pips.
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Trade #9 GBPUSD - Cable tends to trend up.This setup is very similar to EURUSD. Nevertheless, GBPUSD seems more 'price-action friendly' than the Euro cross.
The dollar correction has a daily target. If you zoom out the chart you shall see.
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*For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the farthest). The proportion is 2/1 minimum.
Trade #7 NZDUSD - Trading an ABC patternHere is my attempt on the dollar correction. First I figured out a leading diagonal withing a leading diagonal. I used MACD to identify which were likely to be the 3th Elliott wave. Than a correction may be in play: an ABC pattern
The strategy is to buy at 62% retracement of the 'A' leg.
Happy trading!
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*For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the farthest). The proportion is 2/1.
Trade #18 USDCAD - Trading after the breakout. (Pending long)This is a close up at the late correction of USDCAD. I've identified as a 4th wave of 5 at daily timeframe, which is expected to go sideways for some moments.
The entry is not aggressive as the projections leading price to the $1.35 in near future. Fundamentally it is quite possible as the recovery of the US economy and its 5-years-low-rate instigates a rate hike in near future compared to the canadian economy based partly on exportations low-priced commodities and recently lowered interest rates.