Daily Triangle BO --- Anticipating the Weekly H&S BO
Brief Analysis
The breakout of the daily ascedning triangle , heralding the weekly H&S BO has been rocky indeed! It takes a closer look, and a critical thinking to see this.
Actual BO of Daily = sept7, 2016
Sept 22 saw massive bear action but bears lacked follow through selling.
Sept 28 --- following crude oil deal ---- saw similar bear action but seemingly failure en route. And so,
Action plan
Come monday, NY close, and price is not at 0.94144 = I wud go long, following risk management rules as enshrined in my trading plan.
For my information --- two things here
(1) Daily Anticipatory triangle
(2) weekly H&S
weekly
The breakout of the daily ascedning triangle , heralding the weekly H&S BO has been rocky indeed! It takes a closer look, and a critical thinking to see this.
Actual BO of Daily = sept7, 2016
Sept 22 saw massive bear action but bears lacked follow through selling.
Sept 28 --- following crude oil deal ---- saw similar bear action but seemingly failure en route. And so,
Action plan
Come monday, NY close, and price is not at 0.94144 = I wud go long, following risk management rules as enshrined in my trading plan.
For my information --- two things here
(1) Daily Anticipatory triangle
(2) weekly H&S
weekly
הערה
Fresh longs loaded Next = Sit back and take some loss if it doesnt go well.
I control risk, not profit ;)
הערה
I'm cutting down losses on this trade based on a trigger which seems to have distored the orderliness of price advance.Estimated loss = -0.6%
הערה
CORRECTION: I'm cutting down losses on this trade based on a trigger which seems to have distorted* the orderliness of price advance.Estimated loss = -0.6%
הערה
Better to take the blow early, bow your head in shame, call the short a quit than to keep staying in, and hoping, and sustaining further injuries ;) If it goes up later rather, I'll reassess situations, and consider if I wanna be a buyer again.
TOTAL LOSS PER POSITION AVOIDED!
הערה
Would price find support w/ Sept5 Low.....?0.94326 CRITICAL!
הערה
הערה
I continue to feel glad for money management rules ;) I actaully flipped and short upon BO of critical price
הערה
short working well
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.