r: R ratio is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy if it breaks”, You should not buy at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
“Intraday” -means You must close this position at any cost by the end of the day.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low of the Candle”.
In the case of Positional trades, it is mostly the previous swings.
=======
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy if it breaks”, You should not buy at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low of the Candle”.
In the case of Positional trades, it is mostly the previous swings.
=======
Trade active:
Trail SL to 1260.1
Trade active:
Trail SL to 1266
Trade active:
Trail SL to entry
Trade closed: stop reached