Short tomo on a deviation?

22 ago 2023

Ive decided to short tomo at current price of 1.5245 with a stop at 1.5545 as a hedge against the long i entered at 1.51. Reason being that this last move may have been a deviation and a close below 1.55 was my ltf trigger that it was a deviation. Possible targets if it breaks 1.46-1.48 are 1.22, 1.03 and .91c that is why i see the potential for downside just as profitable as upside and why i am hedging my long with a short

22 ago 2023

Nota

stopped out, long is active from 1.51
we let that run now and trade that plan

22 ago 2023

Nota

4h closed below 1.55...
shorting here at 1.5221 s/l 1.5584
5th times the charm? lol

23 ago 2023

Nota

seems market is bouncing and tomo is selling off which makes sense as tomo has been pumping/holding small daily gains whilst the rest of the market got pummeled. I think this is the beginning of a bigger move down so im going to be patient and let it run. stop is at break even and tp1 is 1.288-1.333

24 ago 2023

Trade attivo

beautiful move, exactly what i was trying to catch. More downside to come for tomo

24 ago 2023

Trade attivo

took off 66% of the position at 1.13
I still think this could go to .91-.85 at least if not lower

all in all, I had my stop loss hit 4 times for -3% each time
but the last entry i took has given me a 27% move
a perfect example of why sizing is important in trading
looking back i guess a wider stop loss could have made this setup more profitable but profit is profit

30 ago 2023

Trade attivo

added more to my shorts here at 1.12
stop at 1.33
take profit 0.91 0.833 0.677