Background:
- Bullish morning star formation formed at 200MA support with bullish divergence
Entry:
- Buy stop set at 20 pips above morning star formation @ 0.8530
(set up trigger on 16 Feb 2017)
SL:
- Set at 38.2 fib level for the formation @ 0.8475
PT:
- Set at area which we keep seeing bearish shooting star @ 0.8688
Notes:
- Recently been losing quite alot of trade relating to GBP... probably due to the brexit factor.... something to learn for this to modify my future trade strategy.
- Bullish morning star formation formed at 200MA support with bullish divergence
Entry:
- Buy stop set at 20 pips above morning star formation @ 0.8530
(set up trigger on 16 Feb 2017)
SL:
- Set at 38.2 fib level for the formation @ 0.8475
PT:
- Set at area which we keep seeing bearish shooting star @ 0.8688
Notes:
- Recently been losing quite alot of trade relating to GBP... probably due to the brexit factor.... something to learn for this to modify my future trade strategy.
액티브 트레이드:
Updates - 18 Feb 2017:
- The last day of the trading week has the price went up but closed at the lower half after testing the 50MA resistance
- I will continue to hold on to this trade given the set up is still valid
- The last day of the trading week has the price went up but closed at the lower half after testing the 50MA resistance
- I will continue to hold on to this trade given the set up is still valid
거래청산: 스탑 닿음:
Updates - 25 Feb 2017:
- Trade stopped out
- Bull halted after testing 50MA resistance
Lesson learned:
- Exponential MA does paint a different picture compare to simple MA.
- Should evaluate both to determine which is more reliable..... in this case exponential only indicates a bull signal now....
- I would look to long this in the following week
- Trade stopped out
- Bull halted after testing 50MA resistance
Lesson learned:
- Exponential MA does paint a different picture compare to simple MA.
- Should evaluate both to determine which is more reliable..... in this case exponential only indicates a bull signal now....
- I would look to long this in the following week