Aluminium Long

Aluminium Long- Awaiting entry (If long entered - will be cancelling the short trade - previous idea published)

Entry around 173.2-173.25
TGT1: 174.5
TGT2: 175.65
SL: 172.75 (0.5 Points)

Comment:

NOTE: Not yet entered neither Long nor short - awaiting a good volumetric close above/ below key zone - mentioned in the previous published idea.

Trade active:

173.2 Entered
Kept Strict SL 172.75

Comment:

Entered only 1 lot

Comment:

Near TGT1.

I will not be exiting - since only one lot i have done. - I will see the pattern, if going againt then will exit.

Safe traders may exit at CMP - 174.35-174.45 something like that.

Updating SL to 173-173.1

Comment:

If need to hold (more risk more money :)))) - then can keep a safe SL below pivot- atleast will make up the brokerage and tax.. ;).

NOTE: I have for myself kept TGT 2.

Trade closed: target reached:

TGT1 hit

Risk:Reward ration 1:3

NOTE: I have not yet exited. (This is since i cant do any averaging since i have done only with one lot)

Comment:

My own trade was very very near to the updated SL, just pinned 0.1 point from my thought SL (173), and bounced up, and now near 2nd Tgt..:)

Comment:

My own updated SL is 173.95 and TGT 175.6

Trade closed: target reached:

Hope everyone who took this trade made a good profit. :)

Completed my own trade.
Entry price : 173.2, Exit Price: 175.6
Net profit: 12k (Gross after tax and brokerage will be arnd 11.5 to 11.7k)

Have a nice weekend.