JPY Short from a higher point
Making a staircase pattern inside a fairly tight channel. Looking a bit back there is a long trend line and it looks like the stairs are made by various other trend lines around the same line, with some eager early selling. Entry lines up around 1.312, the peak of the most recent highs. 5 minutes chart shows the stair levels and where they may be made. 4 steps, maybe a stop run but looking to enter at the top and fall down the stairs 😂
Nota
1.3128 placing a short limit. Just under the last peak, hedge at 1.314Nota
Hedge at 1.315, give some room, 22 pips riskNota
Major trend line acknowledgedDagangan aktif
Limit reachedDagangan ditutup: hentian tercapai
HedgedDagangan aktif
Buy stop closed, 7.3 gained, new hedge placed, looking for a retest around 1.318 to close the sellNota
New hedge is placed at 1.3175Nota
Additional sell added at 1.3158Dagangan ditutup: hentian tercapai
Hedged again. Time for a break.....Nota
Setting buys to take profit at 132.4, double sell and hedge protection at 1.328, looking for reaction from the 1.324 level to come back to 1.315Dagangan aktif
Buys closed for a net 127.7 pip gain (double buys) Double sell in place with hedge set aboveDagangan ditutup: hentian tercapai
Hedged again, I'm done for a bit.....Dagangan ditutup secara manual
Made some mistakes in the process of this trade, trading on the hourly, trying to analyze like a scalp, and broke rules that prevent this very situation.Trade completely flattened to prevent further damage to the account.
Net loss of 310 pips, not going to trade like this again :)
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.