I want to be, the very best, like no one ever was

This is a discussion on I want to be, the very best, like no one ever was within the Trading Journals forums, part of the Reception category; closed the trade as was showing signs of over-extension (harsh drop, also 5 min candle was long and red however ...

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Old Jan 10, 2017, 5:09pm   #136
Joined Mar 2015
closed Oil trade

dgtrading started this thread closed the trade as was showing signs of over-extension (harsh drop, also 5 min candle was long and red however had a wick to it therefore sign of slowing down). Glad I held on though as it gave me another R compared to my previous post, not too bothered if it keeps crashing as a harsh pullback soon is very likely.

RISK: £30

RESULT: £70

happy with this trade. tested my nerve holding through the chop between the purple lines however the persistence paid off. This one trade also earned me a week's worth of pips in my prop-firm trial.

gonna wait on the sidelines, might even take a buy if an obvious price action signal forms.
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Old Jan 11, 2017, 12:53am   #137
Joined Mar 2015
dgtrading started this thread long Oil

short AUDUSD
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Old Jan 11, 2017, 1:05am   #138
Joined Mar 2015
long Oil + short AUDUSD

dgtrading started this thread was considering going to bed however opportunity has arisen.


OIL: Risk £25

still fairly bearish on daily time frame however I was cautious of retracements. Oil has gapped up and has traded and closed above 51.50 offering a decent buy signal. Is also trading above 51.60 and the 12EMA on the 5min chart.


AUDUSD: Risk £25

I am more bearish than bullish on this pair as it appears to be gradually rotating on the downside on the higher time frames. On the 5min chart price poked above 0.73700 before rejecting this price and rotating to downside and beginning to trade below 12EMA
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