Ideal trades series; G/J D1 SR break + close (2/2)Here's the setup on the H1.
Apply this to any time frame. If you're using important levels and trading at the right times, most healthy breakouts involve some version of this shape. Strong, confirmed breakout with a clear close past the level, a weak but steady pullback to the level, and then an immediate fail at support-turned-resistance.
H1
D1 bias, H1 setup, short term executionI'll post my Ninjatrader charts for trade entries. This is the kind of setup I want to wait for vs fighting the grind on NQ today.
I'm a momentum trader, and momentum comes from traps and/or tipping points. I don't want price to ever come back to my entry and I don't believe in wide stops.
Before taking entries, ask yourself about the market state. Is it grinding? If so, you're going to get killed with constant retests of your entries, general noise etc. What's the point getting into a position you think is going to be retested (I'm speaking as a daytrader, not a swing trader...).
If you're getting stuck overtrading, ask yourself this:
Do I really expect this trade to move to my target?
If there's a preceding trap AND contraction AND empty space ahead of you...that's where the money's made.
EURUSD - H1 - potential Bat Pattern - Nice Long OpportunityPotential Bat pattern D completion ahead.
TP1 @38,2% retracement of the AD Leg
TP2 @61,8% retracement of the AD Leg
Also we have a nice support level from the previous structure... so this opportunity comes with a good risk to reward ratio
Trade safe and good luck