Trade Management

Look at our past chart and we are looking to buy the AUDNZD @ around the 886 fib level. Trade with care

Trade taken last week - head and shoulders spotted on hourly breakout taken, plus ascending triangle..... lets see where this takes us....

Target one Hit for about 54 PIPS, rolling my stops to break even, will be looking for Target 2 at 61.8 Fib retracement

E. 1.07359 SL 1.05771 1Tgt 1.1053 2Tgt 1.12883

Even i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even ...

First see if there's a likely continuation of this short before entering, when setting your entry wait for it to bounce back on SR. Then enter, this trade should be good for a 1:5 RR trade.

ONTO TRADE MANAGEMENT NOW - STOP MOVED - RISK MINIMISED

FXCM - TRADE TRIGGERED IN......

TRADE ENTRY TRIGGERED ON FRIDAY ....PRICE RETRACED TO LEVEL OF ENTRY...... NOW WE WAIT AND SEE WHAT PRICE TELLS US - LOOKING FOR A STRONG NEW HIGH TO ENABLE SL MOVE

Trade Triggered (Blue Circle), created new high, once it moves higher i will move STOP close to B/E

Consolidation Break Out......consolidation formation structure, double bottom.... Trade Entry sorted...... Let Price do its magic.

TRADE ENTERED - AND PRICE ENTERED A PERIOD OF CONSOLIDATION, LOOKING FOR PRICE TO HEAD UPWARDS, CREATING A NEW HIGH AND START OF A TREND.... PRICE ACTION WILL MAKE MY DECISIONS FOR ME, I JUST WAIT FOR IT TO TELL ME....

ORDER IN AND PLACED - LETS SEE WHAT HAPPENS....

Order in and placed.......now just awaiting price action

LOOKING FOR THE PULLBACK FOR ENTRY....

STOP MOVED TO LOCK IN PROFIT AFTER PRICE BREAKS TREND......LOOKING LESS BEARISH BUT WE WILL SEE.....

THIS HAS BEEN ADDED TO MY WATCHLIST - PRICE LOOKING EXTENDED OVER A NICE PERIOD OF TIME.....LOOKING FOR PRICE TO SET UP AS MY TRADING PLAN SUGGESTS AND GO LONG... LET PRICE DO THE TALKING,.....

AWAITING FOR THE PULLBACK AND PRICE ACTION, PRICE LOOKS EXTENDED & COMPRESSED