This is a breakout strategy with open TP.
Basically I do close position on next morning around 9am.
So based on chart, focus on Buy Breakout with a pending order Buy Stop around 12noon.
So now price already break my box.
My Stop Loss at my Box Low.
After my Pending Order Buy Stop had been triggered, now I place Sell Stop PO with SL at Buy Stop price.
TP for sell stop is open and will be close at 9am tomorrow.
Basically I do close position on next morning around 9am.
So based on chart, focus on Buy Breakout with a pending order Buy Stop around 12noon.
So now price already break my box.
My Stop Loss at my Box Low.
After my Pending Order Buy Stop had been triggered, now I place Sell Stop PO with SL at Buy Stop price.
TP for sell stop is open and will be close at 9am tomorrow.