Tracking triangle breakout. BUY STOP-LIMIT @ last local high. SL last local low. TP is height of the triangle projected from triangle breakpoint. Invalidated when the SL level is hit, even if the BUY-STOP LIMIT is not filled before. If you don't catch the initial breakout, don't FOMO! Just set the BUY LIMIT, chill and wait for pullback. ;-) It comes often. Then just set SL&TP and forget (don't even trail the SL, or set at breakeven), let the trade breathe. Cheers!
Trade active:
Order filled. Let's drink some beer, while the market does it's work. :-) If you are in and have SL&TP in place, you are basically done with this trade!
Trade closed: stop reached:
SL hit. I think it could be just headfake, so I will monitor price action closely, and will go long later if I see any signal.
