Re-entry trade. Initial hit on the zone had small reaction. Coming back to the zone, price presented a star pattern on the 4hr. Now we have high exposure on the CAD/CHF.
Zone: Daily Supply zone formed from previous trend break Stack: Weekly 4h: Star pattern *price has already reacted towards this zone, but there's a weekly stack that has not been touched hence making it fresh *price also reached beyond 50% outside of the zone but the valid pattern formed inside of the tradeable area. *just worried that I might be putting one...
Zone: Demand Zone formed from daily trendline break Stack: Weekly Execution: 4h Star Pattern Limit order. Low risk applied.*** Pros: All confirmations aligned. Price is in the key level zone. On the lower end of the trendline channel. Expecting a pull back. Pip target is low. Making it easy to hit. Cons: Price is still in a clear down trend. Pattern formed...
Zone: Daily Demand Zone Stack: Weekly Confirmation: 4hr Railroad Execution: 1hr railroad (smaller) *This is a bit outside of the trading plan, reason for this is for the trade to a lower target price. This will cause the stoploss to be tighter too, but the difference it makes is not that big compared to the pips it needs to reach for us to hit the 3R.
Zone: Counter Zone Stack: Weekly 4H: Valid star pattern *me swallowing my hatred towards this pair*
Zone: Counter Zone Stack: Weekly 4H: Valid Star Pattern
Zone= Minor daily tradeline broken. Forming a demand zone Stacked with the weekly 4h star patterned appeared outside of the zone. Cons: Pattern appeared outside of the zone. Clear uptrend Why still entered? -Price is over extended. -Confirmations aligned. -Star pattern was clear.
4hr Scale-In 50 EMA break and retest.
Zone: Demand zone, that's formed after the trendline break on the daily Stack: Weekly Execution: 4hr Star pattern Everything's aligned, I just don't like that big wick and choppy move from the daily chart. Overall trade is still executed according to plan.
Entry Type: 1HR Scale-In Confirmation: 50 EMA break at the 1hr chart, looking to enter at the retest for around 5 pips from the 50ema, Stop: 0.75 Fib
-Re-entry at the zone created by the daily trend line break -Zone stacked with the weekly -4hr execution at the valid star pattern *Pattern appeared 9hrs prior (was asleep) limit order placed
4hr Scale-In Limit order -50 EMA Retest -missed the first retest
Zone: Daily zone that broke the previous demand zone. Stack: Weekly Execution: Full bearish candle Limit order Other Confirmation: Price in a downtrend in HTF Price reacting on the trend line and supply zone.
*4hr Scale-In Entry (Limit order) Price broke the 50 EMA, waiting for the retest at the +/- 5 pips above the ema
Zone- Daily demand zone, created after breaking previous supply zone Stack- Stacked with the monthly imbalance zone Execution - 4 hr star pattern Late entry again, limit order set.
Re-entry Trade Low risk applied -Zone- Daily trend break made a supply zone -Stacked with the weekly zone -Limit order set at the valid 4hr Star Pattern Why low risk? -Aggressive entry -Price still showing clear down trend at the 4hr, -Respecting 50 EMA Why entered? -All confirmations aligned -Valid zone, valid pattern, fresh zone. -At the Daily Chart, price...
OANDA:GBPJPY Zone: Trendline break. Stack: Weekly 4hr Pattern: Engulfing Limit Order (Late of a few minutes from the candle close, price moved few more pips from the target price. :D ) Cons of taking the trade: -SL/TP range Big -Demand Zone on the way Pros: -All confirmations align. -Strong Bearish 4hr candle -Demand zone that might weaken the trade is a...
Zone: Trendline break . Stack: Weekly 4hr Pattern: Star Pattern Limit Order (Late of a few minutes from the candle close, price moved few more pips from the target price. :D ) /bruh, I really need to start using alerts XD/ Now 4hr chart is forming a double top formation (M pattern)