USDMEX bearish wedge inside range

5 thg 12, 2018

At the top of a rising(bearish) wedge inside of ascending bull-flag range. Provides for wonderful R&R. Entry and stop as shown. I am doing 50% now and 50% at another touch of the top of the wedge. Safe trading.

6 thg 12, 2018

Giao dịch đang hoạt động

Second entry hit, currently in profit. Stop moved to wedge high. Decreased risk about 1/3 with the second entry taken into consideration. If you understand the risk reward related, now would be the time to increase position size. Do not take a loss on the total position if you plan to increase in this area outside of the wedge. As always, safe trading.

6 thg 12, 2018

Ghi chú

Stop to entry. Enjoy risk free profit.

6 thg 12, 2018

Ghi chú

Just realized I put USDMEX instead of USDMXN. Bitmex always on the brain even when I'm trading forex. LMFAO

6 thg 12, 2018

Ghi chú

Halfway to bull flag range target.

7 thg 12, 2018

Ghi chú

Second leg down, I would think about taking some profit or putting a tight stop on part of your position. Want to preserve gains made, no need to get greedy on a profitable trade.

7 thg 12, 2018

Ghi chú

I took 1/3 profit at lows, moved 1/3 of my stop to 20.31, and the final third my stop was moved to 20.35.

7 thg 12, 2018

Ghi chú

took out profit stop one. 1/3 of position left for a runner

11 thg 12, 2018

Đóng lệnh: dừng lỗ

Runner stop hit, good profit on this one.