Monday 11 May

End of Day Review

+0.85%

4 trades taken.

2 winners, 2 losers, 0 break even.

15:31

potential M5 MAB | Buy

14:58

M5 MAB | Buy | +1.77R

I closed this trade early at 1.77R, as price was slowing down near the 15min ema, and I was afraid of price bouncing off the 15min ema and 4hour ema and moving back down without hitting my 2R target.

14:42

UPDATE

A wider stop underneath the Channel boundary woud have seen me hit my 2R target.

14:30

failed Reversal FibCon | Buy | -1.03R

10:26

failed Reversal FibCon | Buy | -1.00R

I felt that we could be seeing an inverse head and shoulders, with a Reversal FibCon forming at the 10862 Key level, rising towards the 5min ema.

09:57

M1 MAB | Sell | +1.03R

I took profits at 1R, well within the limits of the Inner-Fib, as I was unsure if there would be a Reversal after the Low at the 10862 Key level.

Leave a comment