Now, switch back to H4, and see price revisits our area of interest (Bar No.2), then check if it is within the extreme zone to confirm another long trade. My settings show it was. Then open another long trade. Regarding TP, stay on H4 chart and see LG where I marked with blue rectangle and put a limit sell order where the gap will be closed (Bar No.3). As I mentioned previously, you can use other TP strategies as well. This does not mean I am using LGs only for TP, just showing you how they are closed to the pip and how you can use them for your trading.
Just after closing the long position, if you switch to M15 chart, there is a short trade (between 1.3031-1.3035) where price hit the extreme zone.
To be able to trade like this, focus and screen time are crucial, IMHO. Therefore, if you are trading alone it is strongly advisable to trade only a few pairs at the beginning (max. 3 pairs for me as I have 3 screens).
Hope you benefit from these posts.
Regards,
Blackeagle
Just after closing the long position, if you switch to M15 chart, there is a short trade (between 1.3031-1.3035) where price hit the extreme zone.
To be able to trade like this, focus and screen time are crucial, IMHO. Therefore, if you are trading alone it is strongly advisable to trade only a few pairs at the beginning (max. 3 pairs for me as I have 3 screens).
Hope you benefit from these posts.
Regards,
Blackeagle
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