Acc Risk: 0.75%
Stop: 1270.3 (40 pips)
Target: 1305 (347 pips, 4h100, 8.67x RR)
Mindset: Nervous, low volatility, probably going to get stopped out.
Very nervous about this one, we’ve got a divergence (a nice one) but the volatility is very low and this is gold!
4H Chart – Set up
Price has touched the 4h500, but it hasn’t really crossed it yet. I can see this heading lower but the divergence looks good to me.
1H Chart – Confirmation
Got a nice double confirmation, so no excuse.
Price has touched the d100.
Price has touched the w500.
Touching the m5.
Stopped out, ready to get back in – 02 Oct 17
Well this is frustrating, as I thought, I got stopped out. Had no real room for error with this trade. I’m primed to get back in though, the market is primed for another divergence now. So just need to be ready.
Price action didn’t set up for me, missed the move – 12 Oct 17
NFP results crossed the bands and didn’t retrace back inside so I wouldn’t have been able to get an entry on this. However I was focussing on the USDJPY as that had stopped me out too. It’s annoying as price as gone to my original target with a better RR, will need to take a look at these two examples again, and see if I can learn anything from them.
Stop out examples shorting the USD
Both markets would’ve resulted in a stop out. Given the strong move back, was there a way to get back into these markets?