Please do not trade based on my opinions they are not set in stone. I just have high RR but poor accuracy and I am completely open about it. This is just me keeping log of the trade I took and not a trade recommendation. The previous swing high only gives me 1:5 RR which is not my ideal RR as I gun for 1:10. Let's see what happens when it hits target, I might trail SL to BE and let it ride till it goes 1:10.
Trade logic:
Market often probes for liquidity clusters and then gives a sharp momentum bursts that lasts for 3-5 days. You don't always have to buy a breakout after the break of upper range, sometimes failing to break the lower is just as good an entry point. The tradeoffs here are low accuracy in return of high risk-reward ratio + small holding period.
Please do not trade on the back of this just learn how to mark the levels, how an ideal entry point can be found and increase the RR of your trading system.
Happy Trading!😉
Break of support and bounce backs are the best and I strongly recommend you learn from them.
Follow me if you want learn how to trade with a different outlook. I have back tested indicators, trading systems that only rely on logic rather than traditional technical analysis.
Trade logic:
Market often probes for liquidity clusters and then gives a sharp momentum bursts that lasts for 3-5 days. You don't always have to buy a breakout after the break of upper range, sometimes failing to break the lower is just as good an entry point. The tradeoffs here are low accuracy in return of high risk-reward ratio + small holding period.
Please do not trade on the back of this just learn how to mark the levels, how an ideal entry point can be found and increase the RR of your trading system.
Happy Trading!😉
Break of support and bounce backs are the best and I strongly recommend you learn from them.
Follow me if you want learn how to trade with a different outlook. I have back tested indicators, trading systems that only rely on logic rather than traditional technical analysis.
Trade active:
Markets seem overextended so the SL is already at BE. Trade open at approx 1.5R profit.
Trade active:
+4R. In just 2 holding periods. 8% upside.
Trade closed: target reached:
4R hit but I just exited 25% to take risk of the table. We exit rest at 10-15R.
Real knowledge, real money in real time.
Real knowledge, real money in real time.
Comment:
Holding still at 6R.
Trade closed: target reached:
Closed yesterday at 493.
