EJ H1 3 Feb POMO:
Here is a quick post-mortem of EJ H1 today.
We see a TOK_5H narrow range of ~ 32pips, this is a good condition to trade the breakout.
We are usually careful taking trades before LO, hence there are risks.
The LO fakey as I pointed out early post above, is something which we must take precaution when LO.
Now after Tokyo closed, we see a nice 3-bars bearish reversal setup which also break below the TOK_5H Low. That's a nice setup with small SL.
For those who have day job in working in the office and do not have the luxury to look at charts every hour, the TOK_5H is one way to look for trades. Once we see a narrow range less than 40 pips, we prepare to trade the breakout move. This will give a R:R 1:1.
Here is a quick post-mortem of EJ H1 today.
We see a TOK_5H narrow range of ~ 32pips, this is a good condition to trade the breakout.
We are usually careful taking trades before LO, hence there are risks.
The LO fakey as I pointed out early post above, is something which we must take precaution when LO.
Now after Tokyo closed, we see a nice 3-bars bearish reversal setup which also break below the TOK_5H Low. That's a nice setup with small SL.
For those who have day job in working in the office and do not have the luxury to look at charts every hour, the TOK_5H is one way to look for trades. Once we see a narrow range less than 40 pips, we prepare to trade the breakout move. This will give a R:R 1:1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett