my name is benickking iam going to tell one thing about my new llimit order day trading strategy ,
1st go to h4 and see ms
2nd go to 1h and see for break of a ms
3rd you wait a channel or any pattern to break and retest in this case liquidity and smart money trading used but with retail price action
i know that you are in a doubted state bro remember I learned forex and masterd it and stock is very very very easy comparing to forex its 1000% easier to control lets see
if my stop hit for buy 126 points remember I know If my stop hitted 126 then my massive big quantity sell stop order will be placed (I am like Harshad metha, but instead I am using my own money
market structure break in 1 hour and looked for last snr candle and marked and went to m15 and saw another last snr candle which cannot break the previous or forward took that as a confirmation and setted limit order on that
market structure has beeen broked to the downside and then it has been acted as resistance so i took trade at it and i waited for a confirmation to come and i took that trade i kept sl at just abve the wick always trail your stop loss coz it may get affected by some ranges
sentiment analysis
fundamentals
technicals
all are bearish so we have strong pressure you can see fundamental moves data on online ,and for sentimental analysis you can see in commitment of traders report, and for tecnicals you can see this patterns forming
1.strong support turns into resistance
2.falling wedge forming
3.bearish engulfing
4.parabolic sell signal
iam seeing a swing point reversing for top side so i decided to get in at the market at the 15 mins so i thrown my fibonacci at 15 i got my entry my minimum r:r shiould be 2 in this case i have 2+ so i took this trade
