As far as I know, there are only 4 trades possible.
Trend :
Sell Stop - Sell Lows
Buy Stop - Buy Highs
Counter Trend:
Sell Limit - Sell Highs
Buy Limit - Buy Lows
In order to imagine the following better, imagine doing the following literally with the highs/lows of a D1 candle viewed from m5.
Ofcourse your lows/highs can be dynamic/discretionary such as support/ressistance or swing high/swing low. Or static as in example above. Personally I don't know of other possible things to be called highs/lows.
Trend :
Sell Stop - Sell Lows
Buy Stop - Buy Highs
Counter Trend:
Sell Limit - Sell Highs
Buy Limit - Buy Lows
In order to imagine the following better, imagine doing the following literally with the highs/lows of a D1 candle viewed from m5.
Ofcourse your lows/highs can be dynamic/discretionary such as support/ressistance or swing high/swing low. Or static as in example above. Personally I don't know of other possible things to be called highs/lows.
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