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iznogood
Jun 21, 2017 5:45 PM

Batterfly at WWPo5 with ab=cd Short

U.S. Dollar/Canadian DollarFXCM

Description

SL above 1.3377, risk 1%
Entry 1.3336 (at market for me)
Target: Open

Comment

Trade active

Comment

SL at 1.3336, Risk 0.5%

Comment

For those who want some intraday setup

Comment

That was fast, we've made some cash from the flag
Move SL at BE

Comment

If the market breaks below bold blue TL of this small WW this will give me the opportunity for "trailing" my SL.

Comment

Moving SL at 1.3250 (reward 2.1 %)

Comment

As you can see, I've found a simple bearish abc setup to add a position but I must wait for the market to break below 1.32 and retest 1.3224
Risk < 0.5%
Entry: 1.3224
Target: 1.3143

Comment

I won't add the position. I'm waiting for the next market movement without fear or greed.

Comment

Trade closed from SL
Reward 2.1% from the initial setup

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