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Stoploss placement would ideally be above the 1st swing high after the push out of the consolidation range. This is important because it is not uncommon or infrequent for there to be a 3rd swipe at the HOD or LOD. If your stoploss has been hit it does not mean that the pattern necessarily fails...
A strike zone is an area where price will find intraday support or resistance. It therefore becomes a place where there are possible setups and exits. They tend to be areas where there are multiple things coming together, providing a confluence of signals. So the things to look for to form a...
The primary object of this exercise is to decide what pairs you are going to trade. So you are going to need to ask yourself a number of questions when you assess each chart. Some essential questions are: 1. What level are we in? Examine the 60 min and 15 min chart. From this, you can make an...
1. Stop trading every day. 2. Show up every day, but if there is no set up then there is no trade. 3. Learn to become highly selective 4. Trading hours should be from the end of the Asian session and into the London open for 4 hours. Then take a break. Then look for reversal setups at the...
1. A setup and in this case will include understanding where the level count is, and what your assessment of true trend direction is going to be. 2. There must be a signal present for entering or staying out