Head and shoulder

26 Feb 2018

A short position to be taken and covered according to areas marked based in trend based fib levels

26 Feb 2018

Dagangan ditutup: sasaran tercapai

short covered

26 Feb 2018

Nota

Trade reentered after confirming the PRZ...
This time in long position...

26 Feb 2018

Dagangan ditutup: sasaran tercapai

ABC fibonacci retracement change to the new bottom, instead of the ABC of the AB=CD pattern... 0.382 level changed and take profit entry changed ....

Long closed

26 Feb 2018

Dagangan aktif

same chart post head and shoulder....
Trade reopened as i fell the head and shoulder effect has bottomed out...

The long entry has been done 0.886 level keeping a very close stoploss at ab=cd level...
lets see hoe it plays out..

26 Feb 2018

Dagangan aktif

should have squared off at 0.618AB!

26 Feb 2018

Dagangan aktif

i guess 0.618 has become a stalemate level.... will square of if good vol breakdown happens below this level..

26 Feb 2018

Dagangan ditutup: sasaran tercapai

26 Feb 2018

Dagangan aktif

same chart...trade reopened in bracket order

With current entry tp and sl specifications at the back of a bullish AB=CD

26 Feb 2018

Dagangan ditutup secara manual

bracket order abandoned..
bullishAB=CD pattern failed to establish after abc retracement didnt work in bearish favor...

26 Feb 2018

Dagangan aktif

same chart...

reorganized the AB=CD , bracket order placed again...

26 Feb 2018

Dagangan aktif

Short order executed...
Another head and shoulder?

Cover order re adjusted

26 Feb 2018

Dagangan aktif

most probably conviction is right, another head and shoulder in formation, still right shoulder yet to go!



cover order maintained after readjustment from 0.618AB to 0.886AB

26 Feb 2018

Dagangan aktif

stoploss revised to B point of AB=CD
More short positions added
Volumes degenerating
This is a confirmed head and shoulder..
Feeling excited! bit of high risk taken

26 Feb 2018

Nota

sorry correction, stoploss revised to C point of abcd

26 Feb 2018

Nota

have been typing wrong with all the excitement..

Sl revised to A point and more shorts added to C point of abcd

26 Feb 2018

Nota

failed head and shoulder...!

26 Feb 2018

Dagangan ditutup: hentian tercapai

made a basic mistake, didnt catch the divergence well, the moment the divergence happened, the price got caught in a symmetrical triangle , which broke out !

Lesson learnt..

26 Feb 2018

Nota

here is that symmetrical triangle post divergence..!