- Name ur setup.
- Place our charts.
- Show where and how you stream your entries. If you are a news trader, indicate when the news was released, how you play the spike, and don't kid us abt the spread.
- Indicate where you would place your stops.
From there on we'll engage some discussions on win ration R:R ratio etc etc. Hopefully we'll gather enough setups here to make a book lol.
PS: Is this working a risk of becoming a systems thread? I really hope not, coz the goal here is to collate where traders take their high probabilty trades and engage a healthy discussion abt their trade setups.
So i'll begin with mine. One setup that i will take a good look at is a simple correction play. I personally feel that this swing setup has alot of R:R potential, and i guess this setup is used by many traders as well.
I'll just call it the 'correction plays'.
On the charts, i use an MA as a trendsetter and take the price correction towards the MA as a buying/selling oppurtunity depending on the swing trend.
Stops are usually placed below the candles low.
regards
jest