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SMPTrader
Nov 16, 2018 9:29 AM

Short Position AUD/CHF!! Short

FX:AUDCHF240
Australian Dollar/Swiss FrancFXCM

Description

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SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Short Position AUD/CHF!!


Chart Time frame - 4 Hourly
Timeframe - Day trade
Actions on -
A – Activating Event
Entered short position NOW!!. Selling @ resistance level
B – Beliefs
Trade unable to push above resistance Line and will fall to the @0.725 level

FX:AUDCHF

Trade Management
Entered @ 0.7315
Stop Loss @ 0.735
Target 1 @0.725

Happy trading :)

Trade active

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Trade closed: target reached

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Followed rules, target reached
Trend AnalysisChart PatternsTechnical IndicatorsshortAUDCHFcurrencytradingtooltrade
Comments
vfxvictor
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Great trade! wish could properly short in Binance! I like your post :)
SMPTrader
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@vfxvictor, Thanks :) Followed my rules, remained disciplined and executed when i saw a signal and now sit back and wait. Trading is all about patience :)
vfxvictor
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@BenWright21, Totally, I need to work out my patience, Used to have more
SMPTrader
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@vfxvictor, Trading Plan.... is the easy part however patience is the killer
SMPTrader
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@vfxvictor, target reached followed rules
vfxvictor
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@BenWright21 Excellent, what would you do next? take some of the profits and the rest let it run further or that would be the end of the trade.
vfxvictor
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@vfxvictor, I like how you prioritize horizontal lines
SMPTrader
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@vfxvictor, no followed rules and took profit. Small snippets from the market, not looking at big profits
SMPTrader
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@BenWright21, my risk/reward was close to 3R which I am happy with :)
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