Amarjit's Trades

Hello fellow traders...good day to all. The reason of this thread is for recording my trades and also will be used to teach those who are interested to learn this method

Basicly this method is entering on a retracement/pullback. I mainly used 4H charts and do switch to 1H to identify my entry zone/point.

What i normally do is wait for a breakout/movement(1 or 2 large candles) on 4H charts. When this happens it means a support or resistance has been broken and the market will make a correction/pullback/retracement move and i will start to look for my entry point.

What is important to me is that this pullback movement MUST be the 1st movement market makes after breaking the support or resistant.
Knowledge for identifying SNR and SND zones will be needed.

To identify the entry point :

1. When breakout happens on 4H, switch to 1H and change the charts to line chart. For breaking of an uptrend, connect the last 2 or 3 lows with a trendline(connect the highs for a downtrend). Mark the part which the market line crosses the drawn trendline with a horizontal line, this will be our entry point.

2. Then switch to 4H back the look for supply(for sell) or demand(for buy) zones which is closest to the horizontal line.

We have a possible setup on USDJPY.

Determine entry point.

Entry point located.


Next what is needed is a Supply zone which is on a significant support or resistant. How i located this is just by a horizontal line. What i meant by the word "significant" is that, the support or resistant must be a KEY support/resistant. The more 4H tops/lows candle it touches the better.

I would switch to 1H and sometimes to 15M to identify my SND zones(zones on 4H and 1H are too large)

Found Supply zone.

Closest SNR line located at 115.26. This is where my pending Sell Limit order will be.
I would normally use a 1:2 or 1:3 RR.

TP at lowest demand area for sell orders and highest supply area for buy orders.

From India?