Hello traders,
Here on this chart as you can see there is a bearish structure and therefore it is very important to focus on selling opportunities in the marked zones, if the lower TF gives me a confirmation I will definitely sell. It is always very important to look out for a good RRR, given the recent bullish move. Good luck!
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Here on this chart as you can see there is a bearish structure and therefore it is very important to focus on selling opportunities in the marked zones, if the lower TF gives me a confirmation I will definitely sell. It is always very important to look out for a good RRR, given the recent bullish move. Good luck!
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Trade closed: target reached:
The market has hit the first TP (1:1), now let the price do what it needs to do, now we are not risking anything.
Trade closed: stop reached:
One can be wrong, but the important thing is not to waste money! Trade ended BE