USDZAR Short It!

8 Mei 2023

Yea I know I said I was going to take a break, but....whatever. Divergence on the HTF. Entry @18.29361

8 Mei 2023

Catatan

Sentiment currently not in my favor, but I trade price action first and foremost. We’ll see how things play out.

9 Mei 2023

Trade aktif

Added to my position because either I’m reckless or committed. Guess we’ll find out. Entry now @18.31452

9 Mei 2023

Trade aktif

40% drawdown. Profits are to cushion your losses. Will let the stop loss do its job.

9 Mei 2023

Catatan

My risk management:
Margin 30% max of account.

I Use the best indicator in the world for my stop loss placement. The ATR (Average True Range). Take the previous daily candle ATR times 1.5. If you’re long subtract those numbers with your entry and if you’re short add those numbers with your entry. You can also use those numbers for taking partials and trailing your stop.

I usually take half off when taking partials. Helps keeps things in check psychologically.

I don’t move my stop to break even until I get at least a daily candle close above (long) or below (short) my take partials level. Once this happens for me that’s a winning trade. I took money out the market and I’m sitting on zero risk for that trade.

I’m a swing/position trader so keep that in mind.

9 Mei 2023

Trade aktif

50% drawdown. I should’ve taken that break..smh Will let the stop loss do its job.

9 Mei 2023

Trading ditutup secara manual

Closed @18.55247. That’s an L.