Thursday, February 13, 2014

A300E 02.12.2014

There are two set-ups that happened today which is a hedge trade. Set-up 1 calls for origin break at 1285.49 with TP at 1280.16 while set-up 2 calls for origin break at half of Ambuyat with TP set at 1297.77

Currently trades are both open and both negative. I am expecting the PA to go down first and close the 1st trade since PA must touch trendsetter in H1 within this week.

Update #1 0708H MNL Time
Trade is still open total P/L is -632pips. If I have stick to my exit strategy of taking the current Ambuyat as exit, the BUY position should have already TP'ed and netted 453pips and we could have closed the SELL trade at open of current D1 candle netting a -497pips which gives me a total harvest of -44pips

Moved the TP of the BUY position to level 1 Ambuyat



Trade Summary
Position: SELL
Open: 1285.03 2014.02.12 06:10:11
TP: 1280.16
Close: 1307.08 2014.02.14 03:47:53 (Manual Close)
P/L: -2205

Position: BUY
Open: 1290.88 2014.02.12 14:35:28
TP: 1297.77
Close: 1297.78 2014.02.13 17:33:43
P/L: 690

Points to Ponder
1. Stick with current Ambuyat as exit strategy. Darwin and Carlo calls current Ambuyat as TP machine for a reason.
2. Why didn't the PA went down as expected, what is blocking it to fulfill the required touch of trendsetter in H1?

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