Head and shoulder

26 Şub 2018

A short position to be taken and covered according to areas marked based in trend based fib levels

26 Şub 2018

İşlem kapandı: hedefe ulaştı

short covered

26 Şub 2018

Not

Trade reentered after confirming the PRZ...
This time in long position...

26 Şub 2018

İşlem kapandı: hedefe ulaştı

ABC fibonacci retracement change to the new bottom, instead of the ABC of the AB=CD pattern... 0.382 level changed and take profit entry changed ....

Long closed

26 Şub 2018

İşlem aktif

same chart post head and shoulder....
Trade reopened as i fell the head and shoulder effect has bottomed out...

The long entry has been done 0.886 level keeping a very close stoploss at ab=cd level...
lets see hoe it plays out..

26 Şub 2018

İşlem aktif

should have squared off at 0.618AB!

26 Şub 2018

İşlem aktif

i guess 0.618 has become a stalemate level.... will square of if good vol breakdown happens below this level..

26 Şub 2018

İşlem kapandı: hedefe ulaştı

26 Şub 2018

İşlem aktif

same chart...trade reopened in bracket order

With current entry tp and sl specifications at the back of a bullish AB=CD

26 Şub 2018

İşlem elle kapatılmış

bracket order abandoned..
bullishAB=CD pattern failed to establish after abc retracement didnt work in bearish favor...

26 Şub 2018

İşlem aktif

same chart...

reorganized the AB=CD , bracket order placed again...

26 Şub 2018

İşlem aktif

Short order executed...
Another head and shoulder?

Cover order re adjusted

26 Şub 2018

İşlem aktif

most probably conviction is right, another head and shoulder in formation, still right shoulder yet to go!



cover order maintained after readjustment from 0.618AB to 0.886AB

26 Şub 2018

İşlem aktif

stoploss revised to B point of AB=CD
More short positions added
Volumes degenerating
This is a confirmed head and shoulder..
Feeling excited! bit of high risk taken

26 Şub 2018

Not

sorry correction, stoploss revised to C point of abcd

26 Şub 2018

Not

have been typing wrong with all the excitement..

Sl revised to A point and more shorts added to C point of abcd

26 Şub 2018

Not

failed head and shoulder...!

26 Şub 2018

İşlem kapandı: durdurma seviyesi

made a basic mistake, didnt catch the divergence well, the moment the divergence happened, the price got caught in a symmetrical triangle , which broke out !

Lesson learnt..

26 Şub 2018

Not

here is that symmetrical triangle post divergence..!