Beating Alpha

iterating towards truth

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TRADE, AUDUSD, 20.9.2016

TRADE SUMMARY: the trade was triggered by an SFP of the last resistance high. Was it the strongest S/R? No, but it has presented a good QUASIMODO pattern and potential retrace back to origination point. I have believed the potential and two days of drive, nice flush to the upside.

Good:

  • Good H1 setup
  • Management
  • Size

Bad:

  • The swing HIGH wasnt the strongest one 🙂

To Improve:

  • Nothing, I would take this trade again. This time it just did not work.

Result:

-1R

SCREENS:

D1

H1

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