TRADE PARAMETERS
Pick Date : 03/20/18
Entry : 106.00
Stop : 105.77
Target : 113.05
TRADE STRATEGY
Income Type : Swing
ENTRY
106.00 is a newly formed 4H demand zone . Set and forget limit order. Price will need to have a strong move into the zone.
STOP
105.77 is 23 PIPs right outside of the low for some protection
TARGET
113.05 is the next monthly supply zone.
Zone is fresh and will be hard to break the first test.
Pick Date : 03/20/18
Entry : 106.00
Stop : 105.77
Target : 113.05
TRADE STRATEGY
Income Type : Swing
ENTRY
106.00 is a newly formed 4H demand zone . Set and forget limit order. Price will need to have a strong move into the zone.
STOP
105.77 is 23 PIPs right outside of the low for some protection
TARGET
113.05 is the next monthly supply zone.
Zone is fresh and will be hard to break the first test.
Comment:
I may have missed this trade. Entry was too conservative. Price came down and hit the demand zone overnight but didn't get down far enough to open our set and forget buy limit order. I'll leave the order out their perhaps we'll get lucky and see another test but deeper into the zone.
Comment:
Something just went down, we had a strong impulse but it still didn't dig down far enough. I'll still keep my conservative entry but looking like the zone is holding
Comment:
Missed by 2 pips, anyone wanting to entertain may move entry 2 pips above. It may re-test again the area.
Trade active:
Trade opened at 105.98, it came screaming down, bounced off the zone and took it confirmation
Trade active:
Price has violated the 4H zone but is now testing the 1H zone below at 105.90 area
Trade closed: stop reached:
Stop was triggered. Should have realized the zone was testing to many times previously