did some trades , gonna make a break till 14:30 CET.. here are the trades thus far .. Entry 1 /long First Long Entry , due to the fact that the vol. increased and was high , but we got a shortening of the downward thrust at an early morning MP aswell as near a sup. , and the fact that afterwoulds we came to an halt on the downmove even under such activity .. was an indictation for me that there is buing going on , and i took a long at the break of a bars high , price drifted slowly upwards , but my plan was , to stay in the trade , till the lows of the three bars (marked) get broken.. wich eventually it did so i was out for small loss.. ----------------------------------------------- Entry 2 /long Second Long Entry , but yet again the high activity didnt made any downward progress and i knew something was cooking up.. this time i waited for a retracement .. wich came in a form of 1 bar.. and i waited for the SL to break .. wich happened and i was long and rode the wave , till the last DL line got broken.. where i exited for a small win.. enough to cover the loss of the first entry.. ------------------------------------------------------ Entry 3 / Short a short play , i took an op. to join the longerterm trend , and hoped in at a LH , to short , but i was ready to act quick as again we had some buying in the background.. and are near a sup. level.. this short wave might not be long and will maybe end in a HL . so i didnt get out at the first SL breaks due to the bigger pic , but the break of the bars high , wich happend,, and iam out for a tiny profit..
Aggressive Long Play when i saw the momentum breakout to the downside of what appears to be a hinge , but price made its way back to the hinge i was ready to take an aggressive breakoutplay as i anticipated some aggressive bulls aswell and some puking bears at the high of the hinge after the fakeout to the downside ( barking dogs?) as the position got triggerd , and momentum was on my side , i knew as i saw that the pace drys out , i will let the price retrace to its 50% mark wich is even slightly below my entry , to judge to either pull the plug or stay in , if price gets rejected.. but as point (A) happened ,the rallie bar towards the actual high wich failed to take it out , i changed my plan on the fly and adapted to the markets and wasent in to risk more then necessary , therfore i exited as soon as the low of a bar at a DL broke .. for a small profit..
two trades .. 1st Short as price traded at a res. i was looking for weakness/ or a breakout as the DL broke and we made a LH/ret. , i was taking a short , the decline came to an halt arround a earlymorning res and i was exiting after the drift as a bars high got taken out for a small profit 2nd short after a retest of the res. wich yet again formed a LH i took a short at the break of LH , and price dropped on good mom. as it came towards a prev. hinge level , i was ready to get out as soon as the last bars high is taken out wich it did ,for a nice profit
three trades three losses . oh well , 1 short attempt , trying to play a springboard to the downside off an MP .. 2 long attempts , one playing a breakout of a small hinge and the other one playing a HL and playing a grind higher as sellers are done for the most part at that time
short recap of the week ... pnl ticks 15 Trades / 7 loss / 8 Wins profit ticks :90 ticks loss ticks : 58 ticks biggest win : 34 ticks biggest loss : 11 ticks net: +32 ticks its ok.. for the start