GBPUSD Week 4 Swing Zone & Level

19 Jan

Dynamic Take profit, dtp allows trade to catch big moves. These are set based on price momentum. Last week provided a humble 40pips.

Initial Swing Zone/Level are calculated at
Zone: 21599-21549
Level set as shown. Either a or b could play out, as determined by Price action.
As price breaks or bounces off these areas, new zones/levels will be recalculated.

Happy trading week

20 Jan

Dagangan aktif

Sell Entry @158
SL -10pips
Price missed out lower SZ by few pips, but bouncing off upper swing level
Looking for price to retrace back to zone.

20 Jan

Nota

Price Pinching +40pips
Move Sl to +15pips

20 Jan

Dagangan ditutup secara manual

Sell entry @158 closed for +15pips
Sell reentry @129
Sl -15pips

20 Jan

Nota

Price Pinching +40pips
Move Sl to BE

25 Jan

Nota

2 humble trades for the week : +15/0 for 15 pinched pips
Small win given the huge swing up; no FOMO, keeping true to the trading strategy. This way we avoid unnecessary losses and wait for the big wins.
Do have a restful weekend