As per my previous post (
), I was supposed to go long above the triangle and short below the triangle.
Market opened with a gap above the triangle, followed by a horrifying bearish morubuzu on 5min. chart. I wanted to enter long as near to swing high B as possible. So I entered 2 lots long in the second 15 min. candle @9890 with SL@ 9862 and target 9922.
As the price action progressed a bearish double bottom type bat, not perfect, came in to picture. The only beauty of this pattern that attracted me was that the PRZ -- 0.88XA retracement and 2BC projection (9916) coincided near my target (9922). That gave me a reason to break my profit targets and shift T1 to 9915.
As T1 was hit and followed by a bearish terminal bar I trailed the SL2 to break even (9890). Then I came across a small triangle pattern in the PRZ, I quickly shifted the SL2 below the base of triangle @ 9904.
Two more fresh Sell stops were also placed @ 9904. As soon as my SL2 got hit I had two fresh short positions in my account. SL for these were @ 9920 and T1 was 9893 (50%XA). T1 was hit in the very entry candle. I trailed the SL2 for second lot to break even @ 9904.
Market took some support @ trendline but long wicks of the candles were telling me to hold the position for a while. But there was an isuue and that was T2, which was not yet decided. Should I trail the highs of 15 min candles or should I hold it till 9830. I was confused.
Then I came across a very nice support @ 9860 which concided with the 1:1 XA extension from D and an important swing low. I put a buy stop @ 9861. As soon as price broke the trendline and closed with bearish notes on 15 min. candle chart, I shifted the SL2 to 9893. With in half an hour the buy stop was executed and all positions were closed.
The move after 1:15pm was quite unexpected, a news or what I dun know. I was not prepared for this move so happily missed that beautiful move, but it finally hit 9922.
Hit like if you think this experience can be helpful.
Trade Safe, Stay healthy.
Best Regards
Bravetotrade
Important Note: I am no one to teach anyone on TradingView and I can't, but one thing is sure that we learn from each others good or bad experiences. So just sharing my trades hoping they will be helpful for somebody.
Plz. add a comment if you want such posts in future.
Market opened with a gap above the triangle, followed by a horrifying bearish morubuzu on 5min. chart. I wanted to enter long as near to swing high B as possible. So I entered 2 lots long in the second 15 min. candle @9890 with SL@ 9862 and target 9922.
As the price action progressed a bearish double bottom type bat, not perfect, came in to picture. The only beauty of this pattern that attracted me was that the PRZ -- 0.88XA retracement and 2BC projection (9916) coincided near my target (9922). That gave me a reason to break my profit targets and shift T1 to 9915.
As T1 was hit and followed by a bearish terminal bar I trailed the SL2 to break even (9890). Then I came across a small triangle pattern in the PRZ, I quickly shifted the SL2 below the base of triangle @ 9904.
Two more fresh Sell stops were also placed @ 9904. As soon as my SL2 got hit I had two fresh short positions in my account. SL for these were @ 9920 and T1 was 9893 (50%XA). T1 was hit in the very entry candle. I trailed the SL2 for second lot to break even @ 9904.
Market took some support @ trendline but long wicks of the candles were telling me to hold the position for a while. But there was an isuue and that was T2, which was not yet decided. Should I trail the highs of 15 min candles or should I hold it till 9830. I was confused.
Then I came across a very nice support @ 9860 which concided with the 1:1 XA extension from D and an important swing low. I put a buy stop @ 9861. As soon as price broke the trendline and closed with bearish notes on 15 min. candle chart, I shifted the SL2 to 9893. With in half an hour the buy stop was executed and all positions were closed.
The move after 1:15pm was quite unexpected, a news or what I dun know. I was not prepared for this move so happily missed that beautiful move, but it finally hit 9922.
Hit like if you think this experience can be helpful.
Trade Safe, Stay healthy.
Best Regards
Bravetotrade
Important Note: I am no one to teach anyone on TradingView and I can't, but one thing is sure that we learn from each others good or bad experiences. So just sharing my trades hoping they will be helpful for somebody.
Plz. add a comment if you want such posts in future.
Comment:
Just 1 like :D thanks for such a cool response.
Comment:
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
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🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020