If my SL is at BE (and especially if I already banked some money with a partial exit), why would I worry as to what could happen to the rest of my position?
One Chart is Worth Ten Thousand Words.
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DislikedOpen H1 chart, zoom out, switch on "Period separators" and have a look how many days were tight ranges. Very few. On the majority of the days price moved at least 100pips. If I believe my entry is with the current prevailing (intraday) trade, why won't I try and capture as much of that day's range as possible?..
If my SL is at BE (and especially if I already banked some money with a partial exit), why would I worry as to what could happen to the rest of my position?Ignored
DislikedHey, EV!
Opportunity flows...
You know. And a good sleep is a good sleep!Ignored
DislikedThatīs what i call a high-probability-setup:
Entry:
1.) s/r-zone
2.) "50"
3.) Shooting Star
Exit:
1.) "20"
2.) S1Ignored
Dislikedbut in 6 weeks weīre gonna start to build our nice little house.
Thatīs a lot of work.
But i try to show most of my trades here.
Ignored
DislikedHello
I noticed this on Friday and thought I would comment. EU was trading above R1 and retraced back to it. Then in the US session it rallied up again. I have noticed that EU does retrace to SR levels regularly. Do people here trade these situations and if so how?
Thanks
PPIgnored
DislikedHello
I noticed this on Friday and thought I would comment. EU was trading above R1 and retraced back to it. Then in the US session it rallied up again. I have noticed that EU does retrace to SR levels regularly. Do people here trade these situations and if so how?
Thanks
PPIgnored
DislikedFor me the line in the sand for direction is Price at London open. The R1 price coincided with 2 things - psych xx50 level, and london open price. Its all about confluence, as acumen, EV, islander and vantage show in their charts.
Cheers,
K.Ignored