This is part of my 2019 strategy (related chart below) that uses trend-following idea, supply & demand, Fibonacci retracements and COT analysis to confirm bias/momentum.
My trigger point (horizontal line) was broken while I am asleep. But I stick to my plan and didn't jumped out to enter the trade.
Instead, I placed a LIMIT ORDER with a hindsight that there is an upcoming news for EUR.
I am surprised that indeed the news triggered my order and came back down to my favor and shortly reached my initial target.
EP: 1.71926
TP: 1.70437
SL: 1.72697
With the initial target reached, I set my 1st trailing stop to 1.71518 (~40 pips below my entry price).
Stay tuned for updates related to this strategy and to this trade.
My trigger point (horizontal line) was broken while I am asleep. But I stick to my plan and didn't jumped out to enter the trade.
Instead, I placed a LIMIT ORDER with a hindsight that there is an upcoming news for EUR.
I am surprised that indeed the news triggered my order and came back down to my favor and shortly reached my initial target.
EP: 1.71926
TP: 1.70437
SL: 1.72697
With the initial target reached, I set my 1st trailing stop to 1.71518 (~40 pips below my entry price).
Stay tuned for updates related to this strategy and to this trade.
Kommentera:
Market is having a pause. Setting trailing stop loss to our previous initial target
Kommentera:
Trailing stop moved to 1.70437 (our previous target)
Next target is 1.69634
Next target is 1.69634
Kommentera:
~148 pips. Hoping our stops is not triggered pre-maturely.
Trade stängt: målet nått:
Trade is profitable.
Trailing stop was triggered.
snag.gy/EQ3Bik.jpg
Looking for another re-entry.
EP: 1.69964
TP: 1.68926
SL: 1.70542
Trailing stop was triggered.
snag.gy/EQ3Bik.jpg
Looking for another re-entry.
EP: 1.69964
TP: 1.68926
SL: 1.70542
snag.gy/D7a51V.jpg