USDZAR Short It!

8 mag 2023

Yea I know I said I was going to take a break, but....whatever. Divergence on the HTF. Entry @18.29361

8 mag 2023

Nota

Sentiment currently not in my favor, but I trade price action first and foremost. We’ll see how things play out.

9 mag 2023

Trade attivo

Added to my position because either I’m reckless or committed. Guess we’ll find out. Entry now @18.31452

9 mag 2023

Trade attivo

40% drawdown. Profits are to cushion your losses. Will let the stop loss do its job.

9 mag 2023

Nota

My risk management:
Margin 30% max of account.

I Use the best indicator in the world for my stop loss placement. The ATR (Average True Range). Take the previous daily candle ATR times 1.5. If you’re long subtract those numbers with your entry and if you’re short add those numbers with your entry. You can also use those numbers for taking partials and trailing your stop.

I usually take half off when taking partials. Helps keeps things in check psychologically.

I don’t move my stop to break even until I get at least a daily candle close above (long) or below (short) my take partials level. Once this happens for me that’s a winning trade. I took money out the market and I’m sitting on zero risk for that trade.

I’m a swing/position trader so keep that in mind.

9 mag 2023

Trade attivo

50% drawdown. I should’ve taken that break..smh Will let the stop loss do its job.

9 mag 2023

Trade chiuso manualmente

Closed @18.55247. That’s an L.