Late on this entry but realized I need to start posting charts so people can see what I do and how I trade. So this is my first ever public post.
Shorting at the 34 ema on the daily looking for continuation to the downside. I am a trend follower so I expect to see higher highs or in this case lower lows. Ideally the entry would have been tiered in as we entered the wave. 25% at the first line, 50% at the second and the last 25% at the third. With the stop about a bar above. For this I have the stop at that last high because it’s late and it looks like it wants to go down. Profit targets are 50% off at the double bottom between .9 and 1. The rest off between 1.318 and 1.618.
Shorting at the 34 ema on the daily looking for continuation to the downside. I am a trend follower so I expect to see higher highs or in this case lower lows. Ideally the entry would have been tiered in as we entered the wave. 25% at the first line, 50% at the second and the last 25% at the third. With the stop about a bar above. For this I have the stop at that last high because it’s late and it looks like it wants to go down. Profit targets are 50% off at the double bottom between .9 and 1. The rest off between 1.318 and 1.618.