AB=CD Pattern | Potential Short

2020년 1월 21일

It seems, that we have completed an AB=CD Pattern. Before we enter the trade we would need a volume spike. If the volume increases significantly, we can move short with TP 1-3:

TP 1: 13,200
TP 2: 13,000
TP 3: 12,600

This trading opportunity would be invalid, if the volume spike does not occur.

2020년 1월 21일

노트

There is still no volume spike; so I did not execute the trade. Apart from that Mr. Trump just said at the WEF that there won't be any trade tariffs on German cars. In addition, some good ZEW data was announced. So let's be patient.

2020년 1월 22일

액티브 트레이드

2020년 1월 23일

노트

Move SL to BE

2020년 1월 23일

노트

Adjust TP 1: 13,320

2020년 1월 24일

매매 수동청산

We just saw a very strong pullback. So I closed the trade manually, but I keep the trading idea. If we see a breakout on of the trend channel, this would be a bullish sign.

2020년 1월 25일

액티브 트레이드

I used the pullback to reenter the trade around 13,570. SL is now 13,640. So, SL or TP. Let it go...

2020년 1월 27일

노트

TP I reached: 13,320 (Move SL to BE, in my case to 13,570).

2020년 1월 27일

노트

As of today, TP 2 is around 13,020. But we might see some pullbacks.

2020년 1월 28일

매매 수동청산

I closed the trade manually at 13,200. Nevertheless I keep 25% of the original trade size with target 13,020 and SL 13,320. Rational: China may use an HIV medicine to treat the coronavirus. Which might push the markets again.

TP I: 250 points
TP II (manually): 370 points
TP III (still running): 570 or 250 points (time will tell)

2020년 2월 1일

거래청산: 타겟 닿음

OK, this was really quick. Actually, I have closed the remaining part at 12,970. So I made 600 points with the remaining 25%. We might see the original TP III, but I am done for the time beeing. For those among you who are still in the trade, I cross my fingers for you ;) I will post the next trade as soon as the fog will be settled. I hope you enjoyed and like the trading idea. CU soon ;)