Aluminium Long

Mar 5, 2021

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)

Mar 5, 2021

Note

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

Mar 5, 2021

Trade active

173.2 Entered
Kept Strict SL 172.75

Mar 5, 2021

Note

Entered only 1 lot

Mar 5, 2021

Note

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

Mar 5, 2021

Note

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.

Mar 5, 2021

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)

Mar 5, 2021

Note

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..:)

Mar 5, 2021

Note

My own updated SL is 173.95 and TGT 175.6

Mar 5, 2021

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.