Nov 16:
1) D: down trend nice retracement
2) purple dash line is FIB0.786 and a major 4H R/S level
3) it is also D chart 0.382FIB level
PRE-SET:
SHORT=1.1434
SL= TP1=130 BPS
TP2= ANOTHER 70 BPS
TP3= MONITOR TO NEXT DAILY STRUCTURE LEVEL
1) D: down trend nice retracement
2) purple dash line is FIB0.786 and a major 4H R/S level
3) it is also D chart 0.382FIB level
PRE-SET:
SHORT=1.1434
SL= TP1=130 BPS
TP2= ANOTHER 70 BPS
TP3= MONITOR TO NEXT DAILY STRUCTURE LEVEL
Comment:
if you have pre-setted the entry level, trade has been active yesterday. My trade was actived yesterday
Comment:
TP #1 is almost there. I will take some profit shortly and move my SL to the purple dash line level since i will have no access to computer for the rest of the day!
Comment:
TP#1 reached. For my asset allocation, the rest of the trade is risk-free, my true money. Happy trading
Comment:
Dec 4, almost hit the new SL (Purple line after it hit our TP1 on Nov 27). I saw the candle pattern - for some of us it is a hint to reversal - HS in formation, shooting star + engulfing candle at 0.236 FIB level. And also a pause of trade war. HOWEVER, what i learned in classroom and tested in my real life for years are: 1) after setting your trades, do not change it and change it; 2) don't assume trend reversal!!!
In Short, i am still in this trade waiting for hitting TP2 at least; or stopped-loss out and breaking even
In Short, i am still in this trade waiting for hitting TP2 at least; or stopped-loss out and breaking even