For SL/TP pls. see chart.
This is not an investment advise this is just my personal opinion.
This is not an investment advise this is just my personal opinion.
Trade active
Trade closed manually:
We did a lot of very profitable trades this week. Unfortunately Wheat is not among them. It seems 5.20 became a new support. Even the DXY strenght did not trigger a further decline. What do I do: I am going to close the trade manually and will review the trade opportunity regularly. For me it is right now a 50:50 chance to move up or down. Profit: more or less BE minus swap/spread.
Trade active:
I reenter the trade... check out as well soybeans, copper and corn. Take care
Comment:
TP1 hit. Move SL to BE
Comment:
TP2 hit. Move SL to TP 1.
Comment:
Allmost there
Comment:
It seems that the remaing 15% will be closed at BE...
Comment:
I am happy that I have reentered the trade, we made some really good profits on this one. Next week I expect some higher volatility which will provide some intraday opportunities. Since I have simply not the time to post intraday opportunities I would only update the trade if we hit BE or TP3. Technical: Short (supported by DXY) but supply side could become an issue... Take care and ride safe guys.
Trade closed manually:
Closing the trade… We made a very good profit on this one and I think it is very likely that we are moving to BE, so I do not want to waste more pips.
Comment:
A really good lesson for me... Do not close the trade when you have defined a SL (otherwise I do not have to do the analyses… Shame on me). Congrats to all of you who are still short… :)