hongzx123

Copper Long - 5 Jan 2017

做多
hongzx123 已更新   
OANDA:XCUUSD   铜差价合约(美元/磅)
7
Background:
- Several bullish reversal candle off 50MA support in this bullish trend

Entry:
- Buy Stop set above 4 Jan 2017 bullish reversal candle top @ 2.57

SL:
- Set at 50% fib of the entry candle @ 2.505

TP:
- Set at previous swing high @ 2.675

交易开始:
Updates - 6 Jan 2017:
- Oh boy... bulls seem to be in a break... yesterday session started off bullishly but closed a shooting star
- To hold on to the trade as shooting star is not formed at place of significance.
- Might consider to move SL downwards to have more breathing space for this trade... Have been suffered from several trade which price stop me out before going into my direction (Inappropriate SL setting)
交易开始:
Updates - 8 Jan 2017:
- Phew... luckily i did moved my SL to 2.49 before the price tested my intial SL at 2.5
- The last day of the trading week, had the price started bearishly, testing the physiological point of 2.5 and reversed to close a bullish reversal candle
- Could this be the signal of a revitalized bull run?
- To hold on to this trade subject to next week price action
交易开始:
Updates - 10 Jan 2017:
- No significant price action from the start of the trading week. Price basically consolidating within the 4 Jan bullish candle
- Will hold on to this trade as no significant bearish signal noted.
交易开始:
Updates - 11 Jan 2017:
- Yesterday session closed a bullish marobozu engulfing previous days bearish pullback.
- At this point of writing, this pair is 50% on the way to my PT at 2.675.
- Will hold on to this trade and definitely has high hope on this!
交易开始:
Updates - 12 Jan 2017:
- Not much price movement for yesterday session.
- Upcoming US data release and Feb speech might upset this trade.
- To keep close monitoring on this set up.
交易结束:到达目标:
Updates - 13 Jan 2017:
- PT reached @ 2.675 with gain of 0.105 :)
- Yesterday candle closed a bullish marobozu near the 2016 high.
- Will the price go higher? Likely... but I do expect some bear reaction near 2.7
- Lets see the next price action before next trade for copper....
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