Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
The analysis is made based on order flow using volume profile
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
Sell stop @ 1.16395
Stop loss @ 1.16445 (5 pips)
Target @ 1.16335 (6 pips)
Stop loss @ 1.16445 (5 pips)
Target @ 1.16335 (6 pips)
Trade active:
sell order triggered
Comment:
current status
Comment:
stop loss moved to 1.1642 cutting down my risk to 2.5 pips
Comment:
stop loss moved to break-even
price is moving pretty fast
price is moving pretty fast
Trade closed: target reached:
Target just got hit - a very well executed trade for a total gain of 6 pips
There will be no more trades, for me today, done for the day
Trade safe and see you again tomorrow
There will be no more trades, for me today, done for the day
Trade safe and see you again tomorrow
Comment:
Currently on a 3 day winning streak! :)
looks like a 3x top has formed