Will This Breakout survive ? 5th Attempt, Surely Pass this time
Levels as per classical chart formations. Levels decided as per measuring implications of Rectangle, also, Prices break out of an ascending triangle.
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.
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?
Comment:
May be....?
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Initiated long at 192.95 with stop loss few pips below last swing @190
Comment:
Trend barrier gone.
Comment:
near future levels
Trade active:
Initiated long today at 192.95 as updated above, keeping stop loss below last swing low 190 ( using 15 min scale chart)
Comment:
First push trade opportuniity
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SECOND PUSH TRADE
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CAUTION: PRICES ARE IN RISING WEDGE FORMATION.
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A POSIBILITY NOT PREDICTION:
Trade closed: target reached:
Booked profit at 216 @ pitchfork's measuring implication.
Comment:
Will take new position at lower level.
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LEARNING: GREED TOOK OVER, CLOSED POSITION EARLY; DONT EXIT WITHOUT ANY SIGN OF REVERSAL. Archimedes-1 OF IDEA SATISFIED.
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A POSSIBILITY..?
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WAITING FOR ANOTHER LONG ENTRY
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REVERSAL IS CLOSE..!!
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Clsoing updates on this link idea
