I am going to start tracking my forex account for all to see what I am doing. Some trades will have large positions, other small. You will be able to see all of entry sizes and risk.
Current play. Eur/USD short at 1.15623 with .2 lots.
Additional short ladder at 1.1674 for .2 lots.
Stop loss at 1.1770
Target 1.1425ish. Around there, take profit not set at this time, might take half and let the other half run, or let the whole thing run. Not sure....
Current balance $11, 255.76
Happy Trading,
-Sherem
Current play. Eur/USD short at 1.15623 with .2 lots.
Additional short ladder at 1.1674 for .2 lots.
Stop loss at 1.1770
Target 1.1425ish. Around there, take profit not set at this time, might take half and let the other half run, or let the whole thing run. Not sure....
Current balance $11, 255.76
Happy Trading,
-Sherem
Comment:
2nd ladder triggered.
Comment:
Quick update on our Euro trade here. It has broken the trendline to the upside, but we're still in this resistance zone. We have formed a couple doji/hammer candle patterns, but we haven't seen the move down we are looking for yet. There should be enough volatility where we will be able to go to break even but we'll have to monitor it closely.
Comment:
We're about to break even, we should get more downward pressure next week.
Comment:
In profit right now. Putting a top just above 1.16 to preserve profits. If it breaks above this resistance level, it's likely we'll be able to enter short again later.
Trade closed: target reached:
Lock in profit SL hit. We'll wait to see what forms up next here