Lightwork_

EURUSD Short 2:1 RR

Short
Lightwork_ Updated   
FX:EURUSD   Euro / U.S. Dollar
Longer timeframe short off of 4H and 1H. Still part of my plan.

In at 1.01831 stop at 1.02102.

Trade active:
Back to laptop.
1.01831 entry point. 27 pip stop.

Today is a busy day considering that on Monday we had 1 trade, on Tuesday 1 trade, and yesterday 3.
Today we are already at 6. And we missed one early in the morning for a total of 7.
This happens sometimes.
Comment:
Not ideal the way trade is shaping up with price going against us, but overall plausible 1H close to hold.

Remember this trade is based off of HTF Swing, therefore we utilize not 15M to close early, but 1H.
Comment:
15 minutes left till 1H candle close. If we close around like that we will be out for a early exit.
But there is always a possibility of price turning around during that time.
Comment:
Good close on 1H. Can hold a little longer.
Comment:
4PM is now. Leaving trade on, and will be observing it for management.

No more trades for today.
Comment:
Another good hour.
Still holding, although not the happiest of holds.
Comment:
Good development. Holding was nice.

I actually scaled-in on this trade, but I didn't write about it because after I did price dropped before I had a chance to come to laptop and I don't want to write after a move has already happened. So, will report only OG position results and management.
Comment:
Moved stop to 1.01960. Reducing risk.
Comment:
Still holding. Price barely touched our stop (missed by 0.8 pips) and turned around back in profit. #Feelsgoodman
Trade closed manually:
Out for -0.49.

Later will do a review, but it seems that nothing could have been done differently.

Lightwork Trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.