AUDUSD - 1H - Breakout from consolidation

24 Feb 2016

Buy now. We recently finally saw a clean breakout from the strong trendline that we were ranging around for be past weeks. now we had consolidation downwards which we just broke out of to the upside

24 Feb 2016

Catatan

target setup.

25 Feb 2016

Catatan

addon if we break above

25 Feb 2016

Catatan

note thats its not a risk free addon, so u cant significantly improve your stop on the original position. so only do this if your original position is small anway

25 Feb 2016

Catatan

After entering an addon after the break of the recent triangle, i pulled all the remaining stops below the triangle, since i wanna limit my risk and due to the market having not much power currently, which is always worryin for a breakout trader.
we did see a nice spike tho after the breakout and im now looking to take profits for origianl position and the 2 addons at the gartley completion point.

25 Feb 2016

Catatan

correction. its ofc a bat pattern, so targets are a little bit higher below the 886. not the 786 for a gartley.

25 Feb 2016

Catatan

its gettin very close to the target area. i will then also sell the bat pattern as a hedge against my remaining longs. make sure to place your orders if you re a pattern trader

26 Feb 2016

Trading ditutup: target tercapai

Target 1 reached for both addons and original postion.
Bat short hedge triggered and now stops to breakeven on that after missing my target by a few pips on the first attempt

26 Feb 2016

Catatan

currently looking for an addon for my hedge short based on the bat. ofc the earlier consolidation wouldve been much better, but well - i need to sleep too.

26 Feb 2016

Trade aktif

short addon active. TG1 ~50 Bat retracement TG2 ~618 Bat retracement

26 Feb 2016

Trading ditutup: target tercapai

Bat Pattern and Addon TG1 it. stops breakeven for addon

26 Feb 2016

Trading ditutup: target tercapai

got stopped out for my addon TG2 for breakeven. while i got a TG2 winner on the original bat sell.
no further shorts for AUDUSD left.

i still have my original long breakout and the long addon TG2 and TG3 active, so 4 position. but the stops are only 10 pips lower as current price at breakeven, so we really cant go much lower or i will be out there too.

lets see how it goes

26 Feb 2016

Catatan

all remaining longs stop out for breakeven. all flat audusd.

this is shaping up to be a bigger consolidation i guess befor aud finally goes up. i will look into that next week. but i will probably publish a new idea for this, dont worry.