Head and shoulder

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

交易結束：目標達成

short covered

註釋

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

交易結束：目標達成

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

交易進行

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..

交易進行

should have squared off at 0.618AB!

交易進行

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

交易結束：目標達成

交易進行

same chart...trade reopened in bracket order

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

手動結束交易

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

交易進行

same chart...

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

交易進行

Short order executed...
Another head and shoulder?

Cover order re adjusted

交易進行

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

交易進行

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

註釋

sorry correction, stoploss revised to C point of abcd

註釋

have been typing wrong with all the excitement..

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

註釋

failed head and shoulder...!

交易結束：達到停損點

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..