Play the chart with simple rules:
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example)
Take 30% positions when TP1 hits, 50% when TP2 hits, that secures profit 100%, let the rest try and ride to TP3 unless support/resistance doesn't break.
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example)
Take 30% positions when TP1 hits, 50% when TP2 hits, that secures profit 100%, let the rest try and ride to TP3 unless support/resistance doesn't break.
Note
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Short Entry Smash! All TP's HIT!, this strategy takes patience, and to wait for the candle to FULLY complete past the entry line! The 14:45 Red candle was a perfect time to short!, dropped to the ground since then
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.