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[Summerset]

Originally Posted by Summerset

Amend limit shorts to become:-
Short 1% @ 3750 + 1% @ 3770 + 1.5% @ 3790. SLs @ 3800 / 3825 / 3840
Targets 3680 & 3630

SL hit for (1%) 3750 fill @ 3800
Position currently composed of 2.5% Averaging 3782 (3790+3770)
Take SL --> 3845, Same TPs @ 3680/30.

If the index records higher values on the 4hr frame coming 2-3 bars, we will notify to bail out by leaving limit order @ 3782

At the moment despite the outburst of volatility, reading is still bearish.

A double top or tranculated impulse could be forming at current levels. So our stance is to capitalize on shorting it so long as the 4hr reading remains negative.

[Summerset]

Originally Posted by Summerset

Position filled for 3% @ 6740 average. SL 6705. Inital TP 7200.

Add 1% @ 6757. SL with inital 35 @ 6740. Same TP.

[Summerset]

Originally Posted by Summerset

SL hit for (1%) 3750 fill @ 3800
Position currently composed of 2.5% Averaging 3782 (3790+3770)
Take SL --> 3845, Same TPs @ 3680/30.

If the index records higher values on the 4hr frame coming 2-3 bars, we will notify to bail out by leaving limit order @ 3782

At the moment despite the outburst of volatility, reading is still bearish.

A double top or tranculated impulse could be forming at current levels. So our stance is to capitalize on shorting it so long as the 4hr reading remains negative.

Move stops to entries averaging 3782.
Same Targets

[Summerset]

Originally Posted by Summerset

Move stops to entries averaging 3782.
Same Targets

Half position profits taken @ 3680.
Double remaining position by limit sell order @ 3700.
Average becomes 3741
Stop on all @ 3741
TP(1) at 3630- TP(2) at 3585
close the older lots when taking profits at 3630.

[Summerset]

Originally Posted by Summerset

Add 1% @ 6757. SL with inital 35 @ 6740. Same TP.

1% Filled at 6757, raising position to 4% averaging 6744.
Stops at 6744.

[Summerset]

Originally Posted by Summerset

1% Filled at 6757, raising position to 4% averaging 6744.
Stops at 6744.

I think the stop may have hit 6744. MT4 recorded 6743.
But I am not sure, because on my accounts, I am long Eurosterling @ 6710- and that's were my stop is- so honestly - I don't know.

Anyone following, could let us now. Else we would have to re-load again.

[Summerset]

As of tommorrow, I am taking off for my summer vacation, So there will be NO signals posted till Monday 20th.

Hope everyone enjoys their Summers too.

Those still long Eurosterling, are adviced to take profits on 2% of the overall position at 6845, and keep the remainder to pyramid on until final TP (7200).

Profitable Trading, & Stay Safe.

N.B:- 3700 on Eurodollar Filled of course.
Stay to TP plan.

[Summerset]

Limit Short @ 3560 to 1.75% Exposure. SL @ 3635. TP @ 3400
Limit Short @ 3575 to 1.75% Exposure. SL @ 3650. TP @ 3290
Total Exposure 3.5% to average 3567

Leave room to add an additional 1.5% @ 3645/60- with stops @ 3690.

Profitable Trading

[G550]

Welcome back, Summerset!

[Summerset]

Originally Posted by Summerset

I think the stop may have hit 6744. MT4 recorded 6743.
But I am not sure, because on my accounts, I am long Eurosterling @ 6710- and that's were my stop is- so honestly - I don't know.

Anyone following, could let us now. Else we would have to re-load again.

Long to 1.5% Exposure at Market <6810-15>
Limit long to 1.5% exposure at 6800.

SL on both at 6770.
Preliminary TP @ 6980
Final TP @ 7200

[Summerset]

Originally Posted by Summerset

Limit Short @ 3560 to 1.75% Exposure. SL @ 3635. TP @ 3400
Limit Short @ 3575 to 1.75% Exposure. SL @ 3650. TP @ 3290
Total Exposure 3.5% to average 3567

Leave room to add an additional 1.5% @ 3645/60- with stops @ 3690.

Profitable Trading

Amend
Limit Short @ 3500 to 1.75% Exposure. SL @ 3570. TP @ 3400
Limit Short @ 3525 to 1.75% Exposure. SL @ 3570. TP @ 3290
Total Exposure 3.5% to average 3512

[Summerset]

Originally Posted by Summerset

Amend
Limit Short @ 3500 to 1.75% Exposure. SL @ 3570. TP @ 3400
Limit Short @ 3525 to 1.75% Exposure. SL @ 3570. TP @ 3290
Total Exposure 3.5% to average 3512

The Entry @ 3500 filled.
Keep the 3525 short order in place
And another limit Short for 1.5% Exposure at 3550.

We are selling a Test of the lower rising wedge line on daily & weekly Charts.
We believe the rising wedge will break downwards because we have a daily signal of this on daily & 4hr. There is however still potential for weak spikes to 3550-70, which we are trying to sell into.

If the Wedge does break, it will be visually confirmed by daily & weekly closes below it. And our targets become 3290 & 3000 respectively.

If there is a resversal upwards, it will signal on our 4hr index, usually giving ample time to bailout.

Profitable Trading

[Summerset]

Originally Posted by Summerset

Long to 1.5% Exposure at Market <6810-15>
Limit long to 1.5% exposure at 6800.

SL on both at 6770.
Preliminary TP @ 6980
Final TP @ 7200

Both filled to average 6805 at 3% exposure.
Same Targets & SL

[Summerset]

Originally Posted by Summerset

The Entry @ 3500 filled.
Keep the 3525 short order in place
And another limit Short for 1.5% Exposure at 3550.

All filled to 5% exposure averaging 3524.
Bailout by leaving limit order to buy 3524 for full size
There is a counter signal.

Profitable Trading

[Summerset]

Originally Posted by Summerset

All filled to 5% exposure averaging 3524.
Bailout by leaving limit order to buy 3524 for full size
There is a counter signal.
Profitable Trading

Failure to bailout. SL hit @ 3570