sjmr2

Quoting senjamerah

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{quote} Hi Steve, One of the important elements in my strategy is identifying the position of the stop loss before the take profit. As I always say, I will look for the best level to place my stop loss. I will make sure my stop loss is positioned behind a potential support/resistance level, where the price needs to break through that level before it can reach my stop loss. {image} I do my best to explain the trading methods I use, though there are still a few others that I apply. The key is to find the right opportunity to be in the right place...

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Quoting Mandariin

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Never traded breakouts, but more of them I see more I like them. Breakout to the downside failed. Looking back to the short setup, it was actually bad one and stop should have been lot closer too. Breakout setup to upside was good one. {image}

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Quoting Mandariin

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{quote} Test long setup failed. At first strong move away but then downtrend line stop the move higher. Breakout short with 2 targets work nicely. {image}

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Quoting Mandariin

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{quote} One more Senjamerah type of trade. I call it breakout pullback long. 326 more charts to sort the catalog and deeper study can begin. {image}

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Quoting stevepatt

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GOLD Personally I find waiting for some kind of Pull Back after Price has Broken Structure means I can use a Tighter Stop Loss. It doesn't work every time, but often after Price Breaks a Structure Point it will Return to Test the Break Out. When Scalping every Pip Counts {image}

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Quoting Mandariin

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{quote} I depends where you place it ( I was also fan of bigger stops) . Most Senjamerah stops for breakout trades are actually tight, only 1 candle, size of the breakout candles is enough. For me breakout trades is wrong when price pulls back into structure and starts moving inside of the structure. {image}

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Quoting stevepatt

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{quote} Hi Mandarin, I find it very difficult to Trade Exactly like Senjamerah. I have always Traded using Pull Backs to try and Enter with a better Price. I know it's not what Senjamerah does but I find it very hard to judge Break Outs like he does. Ever since I started to Trade I have found it impossible to Trade Exactly like other Traders It was only when I acknowledged this that my Trading started to Improve Good luck with your research

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Quoting senjamerah

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{image} The zero float shadow entry technique is very powerful, but it rarely occurs. It may appear similar to a regular pullback technique, but it is more complex because there are several criteria that need to be met to confirm it as a shadow entry. It can easily and quickly provide 10 pips.

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Quoting senjamerah

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{image}

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