Start of my journey towards profitable trading with PA
Watchlist:
1D AUDUSD:
DCC of strong D + W LCS/HCR level as S, with 150EMA confluence.
Look for bullish signatures on 1H/4H for long entry.
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1H GBPUSD:
Nice PPZ, with descending triangle forming. Wait for a breakout south, and look for a RR short entry.
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Half off the table, another half trailing at BE.
Still letting 1/2 positions run. And a pure speculation of an inverted H&S with a descending neckline on 1h chart. Hopefully it goes that way
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Update:
Watchlist in 1H GBPUSD still valid:
Price made plenty of clean touches on 1.5072 as S. Would like to see a clean break below this level, and a RR for a short entry.
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New Pending 1H trade: GBPUSD
Sell limit @ 1.5072
SL @ 1.5113
TP @ .4958
1. Nice sweet level with multiple clean touches as S, and price brokethrough clean.
2. Plenty of space below, before the first demand area.
Sell limit placed right after 1H candle closed of the thrust bar. Either a Buttkiss or a RR would be nice here.
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Update on 1D trade: USDJPY
Seems like the speculation is coming true? completion of inverted H&S, waiting for a clean breakout?
Moment of truth..
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New 1H trade: EURUSD
Sell @ 1.2915
SL @ 1.2982 (same with 1D trade)
TP @ 1.2723 (same with 1D trade)
Reasons:
1. Nice SFP with a V shape at a clean S/R level.
2. D1 bearish bias.
Added position to the 1D short based on this 1H setup.
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First one on board. Get it rolling!
Update on 1D trade: USDJPY
Didn't have a hard breakout from the neckline of the inverted H&S. Decided to lock in profits and tightened SL to below BRN 95.00 + apex of the triangle.
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New 1H/1D trade: EURUSD
Sell @ 1.2944
SL @ 1.2982 (same with previous position)
TP @ 1.2723 (same with previous position)
Reasons:
1. 1H/4H signature at strong double D LCS with DCC earlier
2. 150EMA confluence as R
3. SFP with ATR overshot
Added one last position on EU short. If SL hits, I'm out.. quite a high stake here. Let's see what happens.
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Update on 1D trade: AUDUSD
Price moved close enough to the FTA, and since FOMC coming up shortly, decided to reduce risk and tighten SL to below daily low.
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Update on 1D trade: USDJPY
Price now reached the previous FTA, which is now a supply zone created by the previous FTB to this area. Price found some R here, and since FOMC coming, I decided to further lock in profits by tightening SL to below 1H demand zone.
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Having some massive drawdowns from all my short positions in EU, but I will trust the broken double D LCS level to hold as R, and bring price further down. Price too close to my Sl to make any trade management prior to FOMC.
At this point, I'm just gonna do one thing....
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Update on 1D trade: USDJPY
Price marching towards final TP. It seems that my speculation of the inverted H&S is coming true.
Further tightened SL to below 1H PPZ which makes sense.
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