USDCHF trade just hit SL H4 timeline. TDI and Stoch both looked good and price had room to go up. Longer timeframes support uptrend. {image}
@shertiger
Market Type conditions ... Weekly is Trending and we have a WCC candle.
correct when you follow the Weekly , but the Daily is not in your favour at that H4 entry candle. Note the Daily candle price action has not closed at that 4Hr trade window. This is about TIMING your trade setup and entry.
a few things you need to think about and consider when taking trades
on your H4 chart, look at the swings using Bill Williams Fractals
if you took that trade following the Weekly candle and the Daily is not 'ready', then your initial Stop Loss would be the last swing low and do your trade size Position Sizing. This is important when you trade with Single Entry and Single Exit SE/SE
IF you have your initial SL below the swing low, there is other option for multiple entries TMS MEME to build up one BUY basket of maximum 5 positions. Instead of buy 0.10lot, you can divide that into 5 positions in one basket. Look at the Weekly APB/HA candle for the average price.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
