So this week our sl got tackle on usdchf but what we learn from that is how to mange a position plz read those post to understand how to limit loses, have a tight sl with a hugh tp. As it is done by increasing our position based on volatility over just dumping our whole position at once the smallest size is the entry As most losing trade occurs during entries for several reason and many have nothing to do with the trade so to limit all that noise we scale in .
Here this trade will be interesting so either follow alone on pay me no mind 😬 I’m wining either way. This stuff is is just giving back.
So what we have here is an outside bar and wick consolidated hence we are going to have a breakout that I want to be in but not in the breakout but to hut those sl of those traders that chase the markets.
As most breakouts fail we will structure or set up in such a way that we won’t participate in the breakout but anticipate a failure cus it WILL happen .
So we take the measured pips of the range and projection it both high and low we look to the left for near structure. As price is in the middle of some nice lower bounce and some orderblocks above.
So we just going to anticipate a fake out in one direction that will momentum the other direction.
Ideally I want a fake high only cus price is overbrought but a fake low will do just find as well cus we don’t predict breakout direction out of a range
What we will do here is alert the zones and wait for a trigger and then target the range. So ex if price bust up we will catch it when it dies and target back low and watch and see if the mom is enough to break the range and send price lower.
We will do this over trading the breakout..
Here this trade will be interesting so either follow alone on pay me no mind 😬 I’m wining either way. This stuff is is just giving back.
So what we have here is an outside bar and wick consolidated hence we are going to have a breakout that I want to be in but not in the breakout but to hut those sl of those traders that chase the markets.
As most breakouts fail we will structure or set up in such a way that we won’t participate in the breakout but anticipate a failure cus it WILL happen .
So we take the measured pips of the range and projection it both high and low we look to the left for near structure. As price is in the middle of some nice lower bounce and some orderblocks above.
So we just going to anticipate a fake out in one direction that will momentum the other direction.
Ideally I want a fake high only cus price is overbrought but a fake low will do just find as well cus we don’t predict breakout direction out of a range
What we will do here is alert the zones and wait for a trigger and then target the range. So ex if price bust up we will catch it when it dies and target back low and watch and see if the mom is enough to break the range and send price lower.
We will do this over trading the breakout..
