This is a little account trading journal. More information will come shortly...
This is a little account trading journal. More information will come shortly...
The debate for opening transactions:
1st #24584234 USDCHF 01.03.18 06:55 M5 Risk per commerce 1 percent
A #8211; MM 7/8 #8211; Fast reverse line (weak), (Weak, Stall, and Reverse). This line is weak. If prices run up and if they stall at this line they'll reverse. If prices do not stall this line they'll move until the 8/8 line.
Price stalls at MM 7/8.
B - It is possible to acquire a HEADSHOLDERS formation sustained by hidden divergence on M5.
The Outcome and remarks: no comment
2nd #24586097 USDJPY 01.03.18 07:51 M5
3rd #24586218 USDJPY 01.03.18 07:55 M5 (I have opened one more trade to be in a position to”partial close”)
A -- Price under SUPERTREND H4 and SUPERTREND H1. Going downwards possible to have a pullback at Super Trend H1 were we are having a normal divergence.
6/8 -- Pivot reverse line (Pivot Reverse Line) online is second only to the 4/8th lineup in their capacity to force prices to undo.
When the price is above the 5/8 lineup and falling, it will generally stop and consolidate around 5/8 first before heading lower.
B -- Regular divergence on M5.
C- On higher time frames M15 -- concealed divergence at 3/8 (if the price is between the 3/8 lineup and 2/8 lineup and heading lower, it has a tendency to bounce off the 2/8 lineup and retest 3/8 before heading lower.)
Risk per trade 1%
The Outcome and comments: Trades hit SL at BE