Trade ID: 2018 #01
The low was set at 0.75000 at W2017_12_03. Bullish trend over next 5 weeks
(W2017_12_10, W2017_12_17, W2017_12_24, W2017_12_31, W2018_01_07). Will the trend continue?
Yes because it had closed above 0.618 from the previous leg (W2017_09_03 to W2017_12_03)
However, lets take a look closer into how the market actually manipulated.
W2017_12_10: The start of bull trend with X tick activity
W2017_12_17: Candle body decreased, with ~0.8X tick activity (Normal)
W2017_12_24: Candle body increased but 50% of ~0.8x tick activity (Alarm)
W2017_12_31: Market reacted abnormal. Candle body decreased but with an increase in ~100% in tick activity from previous week
W2018_01_07: The manipulation occurred. ~ candle body size but with an increase in ~133% tick activity from previous week.
Bull are getting worried.
Lets see what market profile has shown
W2017_12_10: Nice trend profile. POCtrl 0.76600
W2017_12_17: Accumulation occurred at POCtrl 0.76600 but market closed above
W2017_12_24: Trend profile. POCtrl 0.77900
W2017_12_31: Balanced market. POCtrl 0.78300
W2018_01_07: POCtrl 0.78600. Closed at selling tail.
My trade: TP at 0.77100-0.77200. Sell stop at market next week.
Reward: 0.79000 - 0.77200 = 1800
Risk: 1800*0.45 = 810 (0.79810)
Standard account with $88,888 risk 1% = $888
Tick value $1/tick
Lot: (810 tick * $1/tick) / $888 = 0.91
Good luck.
<a href='https://postimg.org/image/mqazq12lx/' target='_blank'><img src='https://s10.postimg.org/mqazq12lx/W2018_01_07.jpg' border='0' alt='W2018_01_07'/></a>
<a href='https://postimg.org/image/uycxbjx8l/' target='_blank'><img src='https://s10.postimg.org/uycxbjx8l/W2018_01_07_1.jpg' border='0' alt='W2018_01_07_1'/></a>
The low was set at 0.75000 at W2017_12_03. Bullish trend over next 5 weeks
(W2017_12_10, W2017_12_17, W2017_12_24, W2017_12_31, W2018_01_07). Will the trend continue?
Yes because it had closed above 0.618 from the previous leg (W2017_09_03 to W2017_12_03)
However, lets take a look closer into how the market actually manipulated.
W2017_12_10: The start of bull trend with X tick activity
W2017_12_17: Candle body decreased, with ~0.8X tick activity (Normal)
W2017_12_24: Candle body increased but 50% of ~0.8x tick activity (Alarm)
W2017_12_31: Market reacted abnormal. Candle body decreased but with an increase in ~100% in tick activity from previous week
W2018_01_07: The manipulation occurred. ~ candle body size but with an increase in ~133% tick activity from previous week.
Bull are getting worried.
Lets see what market profile has shown
W2017_12_10: Nice trend profile. POCtrl 0.76600
W2017_12_17: Accumulation occurred at POCtrl 0.76600 but market closed above
W2017_12_24: Trend profile. POCtrl 0.77900
W2017_12_31: Balanced market. POCtrl 0.78300
W2018_01_07: POCtrl 0.78600. Closed at selling tail.
My trade: TP at 0.77100-0.77200. Sell stop at market next week.
Reward: 0.79000 - 0.77200 = 1800
Risk: 1800*0.45 = 810 (0.79810)
Standard account with $88,888 risk 1% = $888
Tick value $1/tick
Lot: (810 tick * $1/tick) / $888 = 0.91
Good luck.
<a href='https://postimg.org/image/mqazq12lx/' target='_blank'><img src='https://s10.postimg.org/mqazq12lx/W2018_01_07.jpg' border='0' alt='W2018_01_07'/></a>
<a href='https://postimg.org/image/uycxbjx8l/' target='_blank'><img src='https://s10.postimg.org/uycxbjx8l/W2018_01_07_1.jpg' border='0' alt='W2018_01_07_1'/></a>
Comment:
Sell stop at 0.77409
Trade active
Trade active:
Rejection tail on daily candle
Trade closed: stop reached:
2018 #01 failed Acc $88,000