Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
The analysis is made based on order flow using volume profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Note
I will be entering as soon as the price enters the PRZ and then look for a 15m bull trend candle I will update as soon as there is an entry
Note
for all the harmonic traders out there, we are looking at an ABCD pattern whose targets would be extended up to the highs of the recent impulseNote
price still forming a series of Dojis - no entry yetNote
Buy stop set @ 1.6319SL @ 1.6311 (8 pips)
TP @ 1.6332 (13 pips)
Note
The price just tapped the 0.618 - the pending order still remains validNote
Price is taking the form of a wedge - time for a breakout..?Trade active
Note
Stop loss moved to 1.6316 cutting down my risk to 3 pipsNote
Note
note that the TP (1.1632) has been reached but the pos is still running due to the spreadNote
I will consider closing it manuallyTrade closed manually
Note
Closed 2 pips from target+11 pips
See you again tomorrow - no more trades for today
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.