Hey folks...been away for a few days.
Finishing up the pdf to post soon....
Finishing up the pdf to post soon....
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DislikedHi,all guy
As to breakout trading,Phillip said‘I use mostly the 1H pullback and then enter on the 1H candle that moves away from the breakout level provided that it is a nice strong move away. I enter on the close of that candle。’
But how to trade where there is no candle pullback to the breakout level?
Pls refer to the picture attached
Pls help me, thank you a lot!
Ignored
DislikedGood Evening all,
So i've been away for a few days - just an update of a trade a took this morning.
I was in 2 minds whether to take this trade, as the the price action was right around the 8EMA at the point of entry. What made my mind up was the aggressive nature of the turn around from the 1.3000 level. From the chart below you can see a large bearish englufing pattern, and from the strength & momentum of this I took the short.
Entry @ 1.2823
TP: 1.2746
SL: 1.2915
+ 77 pips.
Please take a look at my chart and post any questions that...Ignored
DislikedCAN U EXPLAIN YOUR SL ?
Close and open of the 2 previous green candles ?
TKS
DAVIDIgnored
DislikedI am still watching the Eur/Usd on the sidelines as the 3 ma's are too bunched up in the 4H time frame.Ignored
DislikedTook a few days off to do some 'stuff'....
There is a new pdf on the website called Plan 415...
CheersIgnored