1 HOUR FRAME BREAKOUT. Waiting for retest to enter with a SL of 300 POINTS & 1000 + POINTS target
The longer timeframe higher the patience is. The key to any analysis is the patience and a proper trading plan. Had been waiting for this move on higher frame.
The longer timeframe higher the patience is. The key to any analysis is the patience and a proper trading plan. Had been waiting for this move on higher frame.
Comment:
Took an entry on 29600 SL is 28880 Target is 31000+
Comment:
Just a psychological point on 1 hour frame. What do we have on charts? ENTRY, EXIT, INDICATORS(trendline, S&R). What do we not have on chart but we need for trading? PATIENCE, DISCIPLINE TO FOLLOW THE PROCESS, ART OF DOING NOTHING NO ACTION.
As per my experience it is just 10% setup and 90% psychology
As per my experience it is just 10% setup and 90% psychology
Trade closed: stop reached:
As the price moved above the buying candle my SL which we larger became smaller and the near candle of entry, so took a Sl of 60 points. The Risk was reduced and it became easier to take another short entry on 1 hour frame.