Aloha!
Currently sitting in this position with 1% locked and and 2% running.
Management: following the 50 EMA on the 15 in the first few hours of the trade, as price gradually moves down, my SL will follow the 50 ema on the hour time frame.
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Been watching this pair for about a week and have placed 3 trade on it, with 1 win, 1 loss and 1 currently running (this trade).
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Daily - still rejecting the 50 ema with a heavy move to the downside on APR15 which could be a continuation to the downside.
4hr- although 50 ema was in the way, a very corrective rising wedge was a nice give away if price breaks out and below 50 ema.
1hr - entry: after the break and close below the 50 ema on the hour chart, I was entered. I had previously set an entry order just below the 15 min pull back to the 50 ema (on the 15min chart).
Will let this trade ride to the first target, but major goal would be a long hold to .58390 level. we shall see what the market has in store! Any way,
30 pip stop.
Hope this helps! Happy trading all!
Currently sitting in this position with 1% locked and and 2% running.
Management: following the 50 EMA on the 15 in the first few hours of the trade, as price gradually moves down, my SL will follow the 50 ema on the hour time frame.
_________________
Been watching this pair for about a week and have placed 3 trade on it, with 1 win, 1 loss and 1 currently running (this trade).
_________________
Daily - still rejecting the 50 ema with a heavy move to the downside on APR15 which could be a continuation to the downside.
4hr- although 50 ema was in the way, a very corrective rising wedge was a nice give away if price breaks out and below 50 ema.
1hr - entry: after the break and close below the 50 ema on the hour chart, I was entered. I had previously set an entry order just below the 15 min pull back to the 50 ema (on the 15min chart).
Will let this trade ride to the first target, but major goal would be a long hold to .58390 level. we shall see what the market has in store! Any way,
30 pip stop.
Hope this helps! Happy trading all!
Trade closed: stop reached:
Trade pulled back and closed me out over night. Currently looking for another rentry.
Trade pulled back and closed me out over night. Currently looking for another rentry.
