EURAUD [M15/M5 MML]
I am now short.
Pay attention to the setup and all the finer details.
There will be better setups but this is a text book type setup for intraday technique when applying M15/M5 MML System.
As good as it is a trader needs to be watching carefully for any sudden changes in the flow of PA across the chart.
If price drives up above the most recent highs then the option is always there to cut the loss quickly and then re-enter at the next key resistance.
Be effective but consistent.
Be patient but quick to act.
SL @ 25 pips but will be reduced as trade progresses favorably (if it does).
TP @ 25 pips which falls within the 1 to 1 completion of the harmonic move to the downside (also at 6/8 MML).
Risk < 0.6%; be aware of your risk on every trade you ever take, there is no room for guessing.
ps. In the intraday session trading smaller stops be prepared for losing trades.
pps. I have 2 recorded losses so far on this live account which I will address in detail later today.
Masterrmind............
I am now short.
Pay attention to the setup and all the finer details.
There will be better setups but this is a text book type setup for intraday technique when applying M15/M5 MML System.
As good as it is a trader needs to be watching carefully for any sudden changes in the flow of PA across the chart.
If price drives up above the most recent highs then the option is always there to cut the loss quickly and then re-enter at the next key resistance.
Be effective but consistent.
Be patient but quick to act.
SL @ 25 pips but will be reduced as trade progresses favorably (if it does).
TP @ 25 pips which falls within the 1 to 1 completion of the harmonic move to the downside (also at 6/8 MML).
Risk < 0.6%; be aware of your risk on every trade you ever take, there is no room for guessing.
ps. In the intraday session trading smaller stops be prepared for losing trades.
pps. I have 2 recorded losses so far on this live account which I will address in detail later today.
Masterrmind............
Master your Mind then Master your Trades