price action trading

[saakk]

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[saakk]

Went long in 9.05 SL triggered,
went long at 9.15 high, sold half at 62.5650, holding remaining,
went long (add) at 10.05 wit sl of 62.44, exp. test of days high as min target for add.....

 

[starscream]

which data feed are you using. and which charting software?

 

[saakk]

9.40 Trend channel line overshoot is not a good sign, It acts just like a breakout failure of the trading range.

 

[saakk]

which data feed are you using. and which charting software?

Reliable software "falcon", they provide data also.

 

[saakk]

Went long in 9.05 SL triggered,
went long at 9.15 high, sold half at 62.5650, holding remaining,
went long (add) at 10.05 wit sl of 62.44, exp. test of days high as min target for add.....

Out of the add at 5925... holding remaining 50% position wit SL 4400

 

[saakk]

Exp measured move target of 7700, equal to 1st leg..

 

[saakk]

If current bar 10.52 closed bull will add to position.

 

[saakk]

If current bar 10.52 closed bull will add to position.

Added above 10.55 wit SL of 5800, target 7650 got through MM

 

[saakk]

Problem wit writing a script is as long as it is working you are making money, Once it stop working and you don't have a contingency plan an you keep on following your old script; that puts you back in RED.