I took this trade seeing that the market is in uptrend and wanted to wait for a OB near swing low by placing a limit order(As market would want to clear buyers first before going up again). This was standard limit order and i refined the OB till 30 min many people were in sells seeing a CHOCH in a lower TF. This is a swing trade but it can turn into a day trade too depending on how market reacts from supply according to me the market would take seller's sl and continue moving up but as traders we gotta react based on what market tells us so i will wait for market.
Remeber you won't make money from 50%-80% but those remaining 20%-50% trades with High RR is the key(This example is for High RR traders)
Remeber you won't make money from 50%-80% but those remaining 20%-50% trades with High RR is the key(This example is for High RR traders)
Trade active:
Still waiting for our tp and i took a second trade with 5 minute ob it was sniper entry and i hope you all have taken that too that trade is closed gave me 1:20 rr
Trade closed: target reached:
well will tell you if i find another interesting trade