Simple Triangle Trade Short

FX:USOIL60

Crude Oil (WTI)FXCM

Description

⋅ Jul 12, 2016 7:21 PM

Position Open :Short

Reason:
Technical Trade

SL 47.1
TP 44.4

Comment

⋅ Jul 13, 2016 12:51 AM

30 pips gain

Comment

⋅ Jul 13, 2016 8:07 AM

TP 1/3 of my position

SL : 20 pips

Expecting 200 pips from this trade.

Comment

⋅ Jul 13, 2016 8:08 AM

Correction of Above Statement

40 pips gain for now. Taking 1/3 of my position

Trade closed: stop reached

⋅ Jul 13, 2016 1:00 PM

gain 20 pips
reserve to long as report expected to be good based on my analysis.

Trade active

⋅ Jul 13, 2016 1:42 PM

Trade closed: target reached

⋅ Jul 13, 2016 2:32 PM

nicely 30 pips

Trade closed manually

⋅ Jul 13, 2016 2:42 PM

See proof

postimg.org/image/3nkeec4o7/

Comments

UnknownUnicorn163516

⋅ Jul 13, 2016 8:12 AM

Good view. Suppose you in it. What do you think about timerange for the trade?

Predictindex

⋅ Jul 13, 2016 8:18 AM

Well. I think the price will drop nearly to my target price .
But as EIA report is coming, there is no reason for me to gamble my profit , so I simply setup 20 pips profit gain on my stop loss.
Thus, I either gain 20 pips or 200 pips from this trade.

UnknownUnicorn163516

⋅ Jul 13, 2016 8:21 AM

Aha! Great approach! I suppose that it is also hight probability to see 43.4-43.5. So wish you good trade and huge profits. Thank you for sharing your setup. Good day to you!