StewySongs

SOYBN/USD Short, WTICO/USD Short,WHEAT/USD Short & GBP/AUD Short

Short
StewySongs Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
SOYBN/USD Short

Minimum entry requirements:

• Tap into area of value.

• 1H impulse down below area of interest.

• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.

WTICO/USD Short

Minimum entry requirements:

• 1H impulse down below area of value.

• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.

WHEAT/USD Short

Minimum entry requirements:

• 1H impulse down below AOI.

• If 3 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.

GBP/AUD Short

Minimum entry requirements:

• Break above area of value.

• 1H impulse down below area of value.

• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Comment:
"Only the best traders consistently predefine their risks before entering a trade.

Only the best traders cut their losses without reservation or hesitation when the market tells them the trade isn’t working.

And only the best traders have an organized, systematic, money-management regimen for taking profits when the market goes in the direction of their trade."
Comment:
"As traders, we can’t afford to let our pain-avoidance mechanisms cut us off from what the market is communicating to us about what is available in the way of the next opportunity to get in, get out, add to, or subtract from a position, just because it’s doing something that we don’t want or expect."

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