Is GBPUSD going to hit its daily target - Stretch principle
Updated
This trade we are looking at on GBPUSD is based on the stretch principle. We have entered on a pending order where the high was for today as in the chart image. We are taking the trade according to our smart money framework indicator and our trend alignment with the the higher timeframes.
E - 1.2690
SL - 1.2654
T - 1.2715
So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
tradingview.com/streams/CYoTRc9HCd
2.7 steps for strategy construction
tradingview.com/streams/uVszSV1Eyv
3.Stretch principle videos
Refer to related ideas links as below
E - 1.2690
SL - 1.2654
T - 1.2715
So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1. 7 steps to achieve consistent trading performance
tradingview.com/streams/CYoTRc9HCd
2.7 steps for strategy construction
tradingview.com/streams/uVszSV1Eyv
3.Stretch principle videos
Refer to related ideas links as below
Trade active
We got triggered into our limit entry a few minutes ago before we put the update on.Trade active
Trailing stop to low of last 1h bar at 1.2665Trade closed: stop reached
We missed the target by 3pips.Trailing stop hit for -25pips.
Remember our edge and keep our focus on consistent execution.
Trader Starter Pack (5-day video course): masterthemarkets1.ontraport.com/tl/128
To book a 1-1 session with our trader coaches: masterthemarkets1.ontraport.com/tl/129
To find out more about Smart Money indicator: bit.ly/3OF5r5N
To book a 1-1 session with our trader coaches: masterthemarkets1.ontraport.com/tl/129
To find out more about Smart Money indicator: bit.ly/3OF5r5N
Related publications
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