Trade of the week: USD/CHF H1: 8-10 December: +8% Profit (+240 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
We had a huge wave 3 and we expect now the wave 5. On the 8th of december, at Francfort Open, we have a setup, sleeping alligator and tight box (25 pips), we place a pending order which is triggered, the price is going down slowly forming a new box and we place another pending order (initial stop loss: 35 pisp). The order is triggered and the prices is going down progressively, we exit on the 10th as the prices breaks the upper level of the fractal box for a profit of +130 pips (1st entry) and +110 pips (addon) which makes +240 pips and a profit of +8%. What a terrific classical trade!
For more details and examples of trade, click "Examples of Trade" in the menu
We had a huge wave 3 and we expect now the wave 5. On the 8th of december, at Francfort Open, we have a setup, sleeping alligator and tight box (25 pips), we place a pending order which is triggered, the price is going down slowly forming a new box and we place another pending order (initial stop loss: 35 pisp). The order is triggered and the prices is going down progressively, we exit on the 10th as the prices breaks the upper level of the fractal box for a profit of +130 pips (1st entry) and +110 pips (addon) which makes +240 pips and a profit of +8%. What a terrific classical trade!
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