Still nothing too exciting

But things are starting to develop nicely as new trades start to develop.

 

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EURJPY – Long Pending

Im pending a long entry at 140.90
The void level for this entry is price movement through 140.20
by time you read this, it may have already voided
 

GBPJPY – Short Developing

Two of the three conditions have been met to enter.
Current I’m waiting for a push lower than the 1 point and then a pullback. Entry will be below the 2 point as marked off on the chart

EURUSD – Long Pending

Im pending a long entry at 1.3780
EU finally moving out of its longer term consolidation pattern

GBPUSD – Short Pending

Im pending a long entry at 1.6650
Open longs need to also be managed to the new short trade entry level.
Longs were opened at 1.6440 – Locking in +110

Dow Futures YM March14  - Short Developing

Dow is currently also meeting 2 of 3 final conditions.

Current I’m waiting for a push lower than the 1 point and then a pullback. Entry will be below the 2 point as marked off on the chart

 

 

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Trade Management
I split my trades into 3 units

  • Unit 1 – Open – closed on a new opposing signal.
  • Unit 2 – Closed at +40
  • Unit 3 – Closed at +100
  • Stop loss is initially -40.
  • When target 1 is met for +40 the remaining two units stop loss is moved to -20. This is a managed break even trade.
  • When Target 2 is met for +100 the remaining units stop loss is moves to entry level. This is now a profitable trade.
  • The last unit is closed when a new opposing signal is confirmed

 

 

 

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