Will go short if the next 15' bar is a red bar

FX:EURUSD   Euro / US-Dollar
234 6
Will go short if the next is a down bar. SL at 1.0752, TP 1.0710
Kommentar: Short at 1.0744, SL 1.0753, TP 1.0710
Trade wurde manuell geschlossen: Closed at 1.0739 for +5 pips
Trade ist aktiv: Reopened a short position at 1.0738, SL 1.0752, TP 1.0666
Kommentar: Changed SL to 1.0745
Kommentar: Closed it at 1.0738 for even
I am trading with very special methods which focus on reading the reasons behind the market movement so I can use tight SL. My profit target is also depend on the market condition. Normally, 3 times the risk. However, if I can recognize the market reason, I may close the position with small profit or loss.

As you can see, I closed this position when I recognized the reasons for keeping going down no longer exist. That is how I trade for this one.

Sometimes, I do trade pattern like one of my trade "Higher possibility to break the triangle up. If so, go long" you can find from my ideas.
+1 Antworten
@Iam2xfx, i really dont know why but so if i understood correctly it was not technical analyses but pure news or what so ever based. oke because i'm really trying to sharpen my eyes to see the patterns and indeed beter to acknowledge fast that the reasons are gone and close early instead of hoping and dreaming that it will still go your way
Iam2xfx yahyadoudouh
@yahyadoudouh, It's technical analyses. You may find that I trade the chart with only trend lines, support and resistance, I also trade with fibo retracement from my trading chart since I can't find fibonacci here. I trade patterns too. Since I trade tight SL, I like to trade flags, pennants and triangles. I am not very good with other patterns.

@Iam2xfx, Aight man i'm still searching what kind of trader i am so until my journey became clear as a blue sky i wont go live
Hi man i'm all new to pattern reading can you just explain real quick why you will short the next candle if it's red?
based on what?
Iam2xfx yahyadoudouh
@yahyadoudouh, why can't I reply to you directly?
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