2nd day publishing the new methodology which was derived from the old. It is designed to provide high probability trades set-ups with good to Great RRR on a daily basis (as opposed to 1-3 such trades per week). Since it is on a 15-minute chart and there is a 15 minute delay for posting here on Tradeview, there may be timing issues. I will do my best to post so everybody can take advantage. We will start considering trades at the European open (currently 3am est). Also, this methodology relies on a directional bias, which may Increase, decrease or change completely mid-session, so I will update the trade accordingly, so look for those changes.
2 potential short entries
Entry = 1.8597 or
1.8555
Stop = 30 pips
Initial PT = 90
2 potential short entries
Entry = 1.8597 or
1.8555
Stop = 30 pips
Initial PT = 90
Trade active:
Breakout trade has been triggered
Entry 1.8555
Stop = 1.8585
intial pt = 1.8476
Risk = 30 pips
Reward = 79
RRR = 2.6 -1
Entry 1.8555
Stop = 1.8585
intial pt = 1.8476
Risk = 30 pips
Reward = 79
RRR = 2.6 -1
Trade active:
Correction the profit target is
1.8485 (5 pips above the Daily KS)
RRR = 2.3 -1
1.8485 (5 pips above the Daily KS)
RRR = 2.3 -1
Trade active:
Trade is now +25, I would recommend either locking in some profit or moving your stop to breakeven :)
Trade closed manually:
Closed 2/3 of my position +25 and the remaining 1/3 closed at breakeven :)