Pending order on EURUSD at 1.00830 looking for a retracement entry for more downside after price broke out of the range containment it's been in since July 19th.
Trade active:
Entry triggered @8:09am
Comment:
Watching as price moves towards the 960 level. Possibly range high alternative here. Our signals came sooner hence the early entry, but watching 960 closely as if we start to break above then the trade idea is invalid.
Trade active:
Position reduced by 25%.
After we closed the 9:30am candle with a lower wick and price immediately pushed higher I decided to reduce the position slightly as price action isn't following the expected path.
May look to scale back in at higher prices if needed.
After we closed the 9:30am candle with a lower wick and price immediately pushed higher I decided to reduce the position slightly as price action isn't following the expected path.
May look to scale back in at higher prices if needed.
Trade active:
Another 25% reduction as price continues to look bullish. Happy to cover the rest of the position aggressively from here as price action isn't acting as expected and look to add higher if possible.
Trade active:
Getting some nice movement now. Unfortunately not able to add to the position so we're only running on 50%. Will be looking to maximise target now because of that but as it's Friday we'll need to see good momentum as I don't think it's worth holding a half position over the weekend.
Comment:
Good separation now from the entry point. Considering a hold over the weekend given the reduced position size but we'll see how price action shakes out over the next few hours as I'm expecting some bullish activity.
Comment:
Stop moved to 703 above the recent swing high to lock in some profit on the day.
Still considering holding over the weekend. Biggest issues are spread widening Sun/Mon and daily financing rates.
Still considering holding over the weekend. Biggest issues are spread widening Sun/Mon and daily financing rates.
Trade closed manually:
Trade closed @5:35pm as we start to move back up to 2:1.
Happy to take some profit on the day but sad that we got shaken out to a partial position.
Same as last week, we'll see what Monday's price action looks like to see if the hold over the weekend was a good idea. I think I'd just need to have seen some relief earlier in the day with price breaking the lows on the close.
Happy to take some profit on the day but sad that we got shaken out to a partial position.
Same as last week, we'll see what Monday's price action looks like to see if the hold over the weekend was a good idea. I think I'd just need to have seen some relief earlier in the day with price breaking the lows on the close.
Comment:
Little update on this, price did continue down this morning and would have hit the original TMP.