Break up fractal, BUY @ 1.5898
Could be a start to wave 5 or still in wave 4, we don't know yet
An aggressive entry, put your protective STOP LOSS @ 1.5872 (the last down fractal)
Form a Head & Shoulder pattern, Sell if break the neckline @ 1.5861
Stop Loss got hit, didn't have the change to stop and reverse entry T_T
I was away from the monitor, when i got back this what happen,
Total Loss 1st trade: 1.5898 - 1.5872 = -26 pips
2nd Trade
BUY @ 1.5854 (BDB entry)
Protective STOP LOSS @ 1.5819 (BDB low)
Price continue to go up, should have add position @ 1.5910, but I missed it :( , now already 1.5920.. ohh well, if it goes down again to around 1.5910, i will add on position... (add position yesterday @ 1.5909)
3rd Trade
added position yesterday @ 1.5909
then the price continue to go down, nearly hit my stop loss @ 1.5819..
Well I've decided to close my earlier position (my 2nd trade),
so total profit 2nd trade: 1.5871 - 1.5854 = 17 pips
Looks like we're still in wave 4, sideways market, no wonder i got whipsawed so many times : )
Still have one position though @ 1.5909, I decide to hold, coz i believe wave 5 is coming, protective stop loss still @ 1.5819
4th Trade
Enter Wiseman 1, a Bullish Divergent Bar (BDB), Buy @ 1.5869
Protective Stop Loss would be @ 1.5838 (BDB low)
Non Farm data on the way so I close my position just in case @ 1.5878, Total profit 4th trade: 9 pips
I decided to close my 3rd trade @ 1.5941 after non farm payroll data came out worse than expected (weak dollar).. Now I'll just have to wait until the market chill a lil bit : )
Total profit 3rd trade:1.5941 - 1.5909 = 32 pips
5th Trade
A bearish divergent bar with divergence in AO and price, enter Sell @1.5963 (one tick below BDB low)
Protective Stop Loss @ 1.6001 (one tick above BDB high)
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