USDMEX bearish wedge inside range

5. Dez. 2018

At the top of a rising(bearish) wedge inside of ascending bull-flag range. Provides for wonderful R&R. Entry and stop as shown. I am doing 50% now and 50% at another touch of the top of the wedge. Safe trading.

6. Dez. 2018

Trade ist aktiv

Second entry hit, currently in profit. Stop moved to wedge high. Decreased risk about 1/3 with the second entry taken into consideration. If you understand the risk reward related, now would be the time to increase position size. Do not take a loss on the total position if you plan to increase in this area outside of the wedge. As always, safe trading.

6. Dez. 2018

Anmerkung

Stop to entry. Enjoy risk free profit.

6. Dez. 2018

Anmerkung

Just realized I put USDMEX instead of USDMXN. Bitmex always on the brain even when I'm trading forex. LMFAO

6. Dez. 2018

Anmerkung

Halfway to bull flag range target.

7. Dez. 2018

Anmerkung

Second leg down, I would think about taking some profit or putting a tight stop on part of your position. Want to preserve gains made, no need to get greedy on a profitable trade.

7. Dez. 2018

Anmerkung

I took 1/3 profit at lows, moved 1/3 of my stop to 20.31, and the final third my stop was moved to 20.35.

7. Dez. 2018

Anmerkung

took out profit stop one. 1/3 of position left for a runner

11. Dez. 2018

Trade geschlossen: Stop wurde erreicht

Runner stop hit, good profit on this one.