#2 - Price Action 4H - 1H - 30M
4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway
1H: Observing the price action at the key level (breakout, retest, false break)
30M: Finding the best entry for perfect Risk/Reward ratio
- Buy when uptrend
- Sell when downtrend
- Wait if sideway
1H: Observing the price action at the key level (breakout, retest, false break)
30M: Finding the best entry for perfect Risk/Reward ratio
Nota
4H is uptrendNota
1H: Price is break-out and re-test the key levelNota
30m: waiting for a good entry to buyNota
Open 15m chart for a deep look into the price actionNota
15m chart: Waiting for a perfect entry when the price break-out and re-test this area,Nota
15m chartPrice break-out, waiting for retest
Nota
Patience is a keyNota
Wait for retestNota
Open chart 5m for more detailTrade ativo
A perfect entryTrade fechado: stop atingido
I absolutely can win this long. But I lost it because of my mistake for the entry. I must wait for some more clear signal to cofirm. In this case, my entry is not good enough for the retest. After my entry, it sets up a double bottom. It should be a better entry.
Aviso legal
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