capsule91

Head and shoulder

Short
capsule91 Aktualisiert   
FX:CHFJPY   Schweizer Franken/Japanischer Yen
A short position to be taken and covered according to areas marked based in trend based fib levels
Trade geschlossen: Ziel wurde erreicht:
short covered

Kommentar:
Trade reentered after confirming the PRZ...
This time in long position...

Trade geschlossen: Ziel wurde erreicht:
ABC fibonacci retracement change to the new bottom, instead of the ABC of the AB=CD pattern... 0.382 level changed and take profit entry changed ....

Long closed

Trade ist aktiv:
same chart post head and shoulder....
Trade reopened as i fell the head and shoulder effect has bottomed out...

The long entry has been done 0.886 level keeping a very close stoploss at ab=cd level...
lets see hoe it plays out..

Trade ist aktiv:
should have squared off at 0.618AB!

Trade ist aktiv:
i guess 0.618 has become a stalemate level.... will square of if good vol breakdown happens below this level..
Trade geschlossen: Ziel wurde erreicht:
Trade ist aktiv:
same chart...trade reopened in bracket order

With current entry tp and sl specifications at the back of a bullish AB=CD

Trade wurde manuell geschlossen:
bracket order abandoned..
bullishAB=CD pattern failed to establish after abc retracement didnt work in bearish favor...
Trade ist aktiv:
same chart...

reorganized the AB=CD , bracket order placed again...

Trade ist aktiv:
Short order executed...
Another head and shoulder?

Cover order re adjusted

Trade ist aktiv:
most probably conviction is right, another head and shoulder in formation, still right shoulder yet to go!


cover order maintained after readjustment from 0.618AB to 0.886AB
Trade ist aktiv:
stoploss revised to B point of AB=CD
More short positions added
Volumes degenerating
This is a confirmed head and shoulder..
Feeling excited! bit of high risk taken

Kommentar:
sorry correction, stoploss revised to C point of abcd
Kommentar:
have been typing wrong with all the excitement..

Sl revised to A point and more shorts added to C point of abcd
Kommentar:
failed head and shoulder...!

Trade geschlossen: Stop wurde erreicht:
made a basic mistake, didnt catch the divergence well, the moment the divergence happened, the price got caught in a symmetrical triangle , which broke out !

Lesson learnt..

Kommentar:
here is that symmetrical triangle post divergence..!
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.