Reply To: Trader of the Week Jan 16 – Jan 22
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Hello Everyone:
My name is Walter Adrian Enriquez and i am a forex trader. Usually use to scalping intraday and I base myself on analysis in chartism.
I will reupload my entries in an orderly manner, so that you can visualize them in a better way. (following the contest rules).
Fig 1: First I have set an entry after seeing a possible strong change in trend (see fig 5). I detect a long entry point. After the same setting my stop and my take profit of about 80pips
Fig 2: I’m still patient 🧘♂️, confirming purchases in pattern number two (again using chartism)
Fig 3: Get my profit of 80 PIPS 🙂. With a projection of +100 (due to the configuration of the shoulder head shoulder Fig 5)
Fig 4: I should detect a strong retracement. I usually see the general structure. In this case “bearish”. Finally, I project a pullback that matches the previous forecast of future profits (+100 approximately). I trace possible retracements -38% / -50% / -75% (these are the ones I use)
Fig 5: I plot my possible retracement of -38% which coincides with the future profit
Fig 6: I get profit +80 PIPS 🙂
Fig 7: Bonus Entry. +80PIPS
I share an entry, even if it is short, of about +23 pips that I detect after a SHS occurs
Fig 8 & 9 : tickets and possible future projections
Note: It should be noted that I am passionate about trading. I hope my posts have served yours.
To follow the rules. I usually do not usually involve feelings before, during or after performing an analysis. so I am to balance the three factors (psychology / strategy / risk management). Anyway, I assume everything is explained here, if yours have doubts, you can comment 🙂Without any other particular, I take the opportunity to greet you attentively
Enriquez Walter Adrian
Excellent week to all!!!