11:06
M1 FibCon + keyzone | Sell
The Golden Zone and Trade Entry Tool are where I was sat waiting for price to reach, for the 15min MAB.
For this screenshot I’ve moved the Fib tool to the top of the Bearish candle which started the impulsive move. It seems that these were the levels price was reacting to, and the reason it did not push higher up to the M5 EQZ and 15min ema.
10:56
M1 5min MAB | Sell
The chance to get a good entry with this trade came and went too quicky, and I missed out.
I was wary of price moving up further to the 15min ema for a MAB at the underside of the M5 EQZ.
09:16
M1 5min MAB | Sell | -1.01R
The finest of margins. Price touched my 2R Profit Target, but did not trigger it, just before turning around and shooting up.
I should have moved my target just above the short-term keyzone that I had drawn instead of leaving it inside, and I should have moved my Stop to beak even once price had broken the D1 Bull Channel.
08:40
M1 5min MAB | Sell | +1.85R
I caught this one just right with a tight stop, and moved my Profit Target just above the H1 EQZ midline.
Since this screenshot, price has moved down to the session low; had I anticipated this I could have gone for a much higher R-value trade!
I bet Mr Phi is letting this trade develop! He will go for a 5R trade at least!
We did the same on this one! Is always good to secure profit, but seeing it go so fast towards your original 3R or 4R levels is really hard to digest!!
I wish I had gone for more but I talked myself out of it due to the D1 Bull Channel.
A great M5 MAB, it was good to anticipate this one and execute perfectly 🙂