Trade today

I've taken a trade based on MACD signal and gave TC trade on EU. I like how price hits the resistance line there, consolidates for a few hours, then candlestick forms almost perfect there. I've seen this kind of candlestick (highlighted candlestick) while backtesting (I have to review my pdf for the specific name) and they do have a high chance to success for a TC trade. I was worried if the tail will cause a big problem hence I planned to take only a have of my original trading lot. I took a short there and price went to my favour. I couldn't close half of the trade because there was only a half trade taken. I set my trailing stop at 15 at first. When price drops for around 30pips I set TS (trailing stop) to 20pips and let it run. If I did take my normal lot then I would take 20pips a half then set the rest to BE (breakeven). In this case I let it run with trailing stop. Will see what happens later on.

End of trade result:

+16pips (Trailing Stop stops it)

That's it for the day and I'd call it a week. Have a nice weekend everyone, hope there will be more opportunity for us to take by next week.

Mairza