Will This Breakout survive ? 5th Attempt, Surely Pass this time
Updated
Levels as per classical chart formations. Levels decided as per measuring implications of Rectangle, also, Prices break out of an ascending triangle.
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Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
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Initiated long at 201;
Trade closed: stop reached
LEARNING: ALWAYS PUT STOP LOSS BELOW MARKET STRUCTURE AND BELOW TOP OF RANGE. This makes the Trade ida with unfavourable risk reward, hence taking trade was a bad Idea.What is the current status of idea. can we find another entry. when?
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May be....?Note
Initiated long at 192.95 with stop loss few pips below last swing @190Note
Trend barrier gone.
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near future levelsTrade active
Initiated long today at 192.95 as updated above, keeping stop loss below last swing low 190 ( using 15 min scale chart)Note
First push trade opportuniity Note
SECOND PUSH TRADENote
CAUTION: PRICES ARE IN RISING WEDGE FORMATION. Note
A POSIBILITY NOT PREDICTION:Trade closed: target reached
Booked profit at 216 @ pitchfork's measuring implication.Note
Will take new position at lower level.Note
LEARNING: GREED TOOK OVER, CLOSED POSITION EARLY; DONT EXIT WITHOUT ANY SIGN OF REVERSAL. Archimedes-1 OF IDEA SATISFIED.Note
A POSSIBILITY..?Note
WAITING FOR ANOTHER LONG ENTRYNote
REVERSAL IS CLOSE..!!Note
Clsoing updates on this link idea
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