Risk Management: How to Enter and set SL and TP for an Impulse
Risk Management: How to Enter and set SL and TP for an impulse move in the market ?
Hello everyone:
Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market.
I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries.
3 type of entries to capture an impulse move
(not all of them will happen, but sometimes 1, all, or none)
Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward)
Breakout: Price break out of the continuation structure (Low Risk, Low Reward)
Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward)
Risk Management is important to your entries.
-Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run.
-15-20 trades per month
-Minimum 3:1 RR on every trade
-Risk 1-2% account per trade
-Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management.
Thank you
Hello everyone:
Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market.
I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries.
3 type of entries to capture an impulse move
(not all of them will happen, but sometimes 1, all, or none)
Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward)
Breakout: Price break out of the continuation structure (Low Risk, Low Reward)
Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward)
Risk Management is important to your entries.
-Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run.
-15-20 trades per month
-Minimum 3:1 RR on every trade
-Risk 1-2% account per trade
-Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management.
Thank you
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.