1) Daily trend: down
2) 8-hour chart: price close to significant resistance; oscillator divergence creating a short setup.
3) Oscillator divergence & hook down, confirming short setup.
Short trade triggered as this was being written.
Entry: sell 10,000 @ 0.70796
Initial stop-loss: 0.71292
1st target: 0.70311 (buy 4,000)
2nd target: 0.69443 (buy 3,000)
Trail stop on remaining 3,000
2) 8-hour chart: price close to significant resistance; oscillator divergence creating a short setup.
3) Oscillator divergence & hook down, confirming short setup.
Short trade triggered as this was being written.
Entry: sell 10,000 @ 0.70796
Initial stop-loss: 0.71292
1st target: 0.70311 (buy 4,000)
2nd target: 0.69443 (buy 3,000)
Trail stop on remaining 3,000
Trade closed: stop reached:
Starting balance: $4,317.15
Gross P/L: - 49.60
Commission: - 0.80
Roll:
Net P/L: - 50.40
Ending balance: $4,266.75 ( - 1.167%; - 5.183% YTD)
MAE: 49.6 pips (1.000R)
MFE: 11.1 pips (0.224R)
Gross P/L: - 49.60
Commission: - 0.80
Roll:
Net P/L: - 50.40
Ending balance: $4,266.75 ( - 1.167%; - 5.183% YTD)
MAE: 49.6 pips (1.000R)
MFE: 11.1 pips (0.224R)