Already up 1,000 pips from the bottom, this trade is good for another 1200 pips, and if you like to push your winners, and scale in, you could still milk another $31,000 from it. Consider another viewpoint of this trade:
Hi Melchizedek
I have some question. Your red line band is gan fan or ? Why start of repoint at that point? ( 1.79351 , 2017-12-13 ) Could you recommend me about this idea ?
Many Thank
Melchizedek
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@theoris, No, not a Gann fan; my own creation. Technically speaking they are Support Resistance lines, just not horizontal. Lines from the Highs forecast the lows, AND lines from the Lows forecast the highs. That's just the way it IS. When you begin from a swing low, begin with a line from the lowest point, run that up and to the right THROUGH the next few candles OHLC points and you will see price respect those lines. Do the same with swing highs, down and to the right. You can also go to earlier swing highs or lows and route them THROUGH intermediate prices to forecast LATER price action. Try it on old charts first, and see how this DOES WORK. Good luck.
theoris
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@Melchizedek, wow Thank you so much , I will try the old chart.
I have some question. Your red line band is gan fan or ? Why start of repoint at that point? ( 1.79351 , 2017-12-13 ) Could you recommend me about this idea ?
Many Thank