Hi guys.
Its me again and just want to update my chart and the trade I was into a while ago. I forgot to post the stop loss and it was at 96.9
I know risk vs reward is slightly out of whack here, but with my system producing some amazing results, i simly trade out of a loss very quickly, usually within the next trade or two and am making money on the next 8 trades or so. I dont use any special system, or any indicators whatsoever, i only use price movement, and a simple look at volume up vs volume down at certain points along the way. I just want to post the result of the trade i entered earlier. My take profit got hit at at 96.3 and it was another good trade. Just want to post the chart of the trade with entry price and exit prices highlighted. I simly look at the sideways action happening, volume was declining, the was resistance at the 96.7 level and I knew it would not hold and we would go down a lot. So as my prediction, we are still in a down trend and it could go down to 95.0 level also, a very strong possibility of it happening. I have done 16 trades this week with 15 being right and one break even. Good trading every one and lets help each other out in our daily struggle to beat the wolves of the trading business and make some money towards our families futures. I dont belive in luck and think we all make our own luck. All the best.
Its me again and just want to update my chart and the trade I was into a while ago. I forgot to post the stop loss and it was at 96.9
I know risk vs reward is slightly out of whack here, but with my system producing some amazing results, i simly trade out of a loss very quickly, usually within the next trade or two and am making money on the next 8 trades or so. I dont use any special system, or any indicators whatsoever, i only use price movement, and a simple look at volume up vs volume down at certain points along the way. I just want to post the result of the trade i entered earlier. My take profit got hit at at 96.3 and it was another good trade. Just want to post the chart of the trade with entry price and exit prices highlighted. I simly look at the sideways action happening, volume was declining, the was resistance at the 96.7 level and I knew it would not hold and we would go down a lot. So as my prediction, we are still in a down trend and it could go down to 95.0 level also, a very strong possibility of it happening. I have done 16 trades this week with 15 being right and one break even. Good trading every one and lets help each other out in our daily struggle to beat the wolves of the trading business and make some money towards our families futures. I dont belive in luck and think we all make our own luck. All the best.
Attached File(s)
