i lost this trade This pair is high volatility, so i need to stay away this pair.
I put buy order, but after see the candle is not go. And thinking it is chasing or not? i afraid of it and sell out first (loss a little, like break even)
This week very hard for me. I stop this trade because it not going down as planned. I sell because of it break trend line and lower low setup.
I don't know why i trade this???? Accepted my lose trade and not do it again. : (
I set order to sell stop and it is failed break. So i lost this trade.
I miss this trade this week I see it break trendline and break High. I think it will go up around 61.8 of previous week leg, so will try to buy on 1H (stop in 1H at red candle LOW) i think it will retrace some days.
Setup 1. HH 2. Breakout 3. SMA break
I buy with SMA20 break 2. HH breakout (watch UJ as it is corelation with GOLD)
1. buy with SMA break 2. HH pattern same style: 1. TP order half and, 2. run trend with sma
I sell with: 1. SMA break open 2. LL pattern
I see GU break LL so i follow, (after i sold earlier about EU) Furthermore, i sell with GBPJPY that bias sell. (and USDJPY has a chance to reversal, so i trade GBPJPY for more strength than GBPUSD, possibly)
I short this trade, after i see the head and shoulder pattern. (But i miss the GBPCHF, it is the same pattern too!)
UJ, i short after it not make HH, and look like the double top setup.
I seel this pair form my SMA20 cross setup. And make profit with 3 4H-Bar. GOOD Now. i wait for more sell again if can break low.
I sell with EJ, bet USD is weak, ( yes, GOLD is coming up) But not sure because EU is going down too. (and yes EJ is the most profitable)
I planned on Sunday, and in the Monday, during Euro or US session. i see it change momentum and cross SMA20. I decide to open Sell.
I sell AU pair, the lower low break But it still in the uptrend, with trendline hold on.
I sell GOLD with the pattern (H&S) The TP is at support level.