MikePips
Short

EU .618 retracement

FX:EURUSD   Euro Fx/U.S. Dollar
92 2 2
4 months ago
Eu recently retraced to t he .618. I missed that trade but I still want to catch pips on the down move. Im shorting from the bottom side of the .236 retracement. 1st tp set at previous support, and second tp set near the 1.27.2 extension. If market goes above .618 trade is no good anymore.
4 months ago
Trade active: I shorted the pair at .618 retracement 1.10112
4 months ago
Comment: Sorry I meant that I shorted from the 0.50 retracement on a smaller time frame.
4 months ago
Comment:
snapshot
4 months ago
Comment: Market consolidating near entry
4 months ago
Comment: Currently testing .382 retracement. Added 1 position here.
4 months ago
Comment:
snapshot
4 months ago
Comment: If the 382 doesn't hold then its long to the 0.50 or 618, hopefully we see a rollover from here though.
4 months ago
Comment: Very Risky Trade. Not looking good.
4 months ago
Comment: Turning into a lesson on waiting for last possible entry.
4 months ago
Trade closed: stop reached: This stacked trade, wiped out the majority of my profit from the day. :(
4 months ago
Comment: Don't stack positions.
4 months ago
Comment: Please add a comment.. Positive feedback and constructive criticism are important to authors ant the community.
4 months ago
Comment: Although I was stopped out this trade had potential. I placed my stops improperly as well.

Related Ideas

Bonavest PRO
4 months ago
Only in hindsight can you look at your original chart above and say... "WTH? Why didn't I follow the BUY LOW and SELL HIGH?"

If you are going to set up entries near S/R levels... make sure you close a candle or two below that line.
+1 Reply
MikePips Bonavest
4 months ago
Thats very true. It looks like I sold when I should have bought. If I was looking to buy at 1.10247 at the top of that engulfing candle @ 11:45 on 7/22. And then got stopped out. Lol. I still have a lot to work on. Thanks for the comment, anything helps.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out