This setup is 100% technical. Nothing else to say expect: purple circle or nothing.
Tip of the day:
Get the direction right before trying to tighten your greedy stoploss.
Tip of the day:
Get the direction right before trying to tighten your greedy stoploss.
Trade active:
Sell limit was triggered and the timing is right. I put an alert @ 131.66 and will move my stoploss to entry price when the market breaches this price. Also, if the market reacts to this level considerably, I will take out 20% of the position size to secure some profits.
Comment:
Checkpoint #1 was touched. I just moved my stoploss order to my entry price @132,21. This is now a risk free trade. Now waiting for checkpoint #2 to be touched.
Comment:
No considerable reaction on checkpoint #1, so no partial profit taken. 100% of the position is still running.