Late for action. Not expecting a correction today. Holding Short - $2200 down :) Looking for 1252-62 area for weakness.
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2nd of the Day of the Week. Still not ready to attack the market. Defending myself. PA found weakness. I should wait a little more to open the hedge. Probably in NY session like the same time of the hedge entry took yesterday :)
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I got the expected level. Took a risk. There are lot of confluence here..@1262. Possibility of corrective ending near 707 fib magnet. Entered short while keeping hedge :)
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Nice and Easy Remove Hedge position to float free..... :)
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There are always diversion. Here I found diversion @ 1248-46 area. The target may extended to 1265 today before turning down. I booked some Long Entries at this area
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Nice Dip to the target :) Now wait for bullish action
So far the pip collected 5+12= 17 = $2200 - $1800 = $400 + some scalps in between Not BAD
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Closed Buy +$100 :)
Trade closed manually
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TP HIT 1230 - $2000 collected. Peace of mind Clean Slate. Waiting for another opportunity
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Here I am ending the journal for this week. Walking with profitable Week $4400. Three days of trading completed in early Asian Session
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coifx
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Exellent the way you managed your trades around ...with hedge!
VRShaiju
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Thanks mush appreciated :)
TRADER727
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Thaxxx man ... tat is almost exactly my take, but still have a baby long from that drop
VRShaiju
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I found many traders struggling using hedging. Since last three years I use hedge with out failure :). I thought my Journals should help like minded traders.
Andrey.Ustinov
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You're becoming wizard my dear brother! Brilliant work)
VRShaiju
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Thanks dear.. I appreciate your support and encouragement :)
archiki
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So perfect followed like a charm!
coifx
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:D
VRShaiju
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VRShaiju
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Spelling error - Buy position closed not "cased" :(