Hello traders!
Today on AUDUSD I will focus on buying opportunities on the lower TFs as we are with H4 and D TF on the LL, this increases the chance of a countertrend that I would like to trade. I will wait to reach the marked Buy zones, then wait for confirmation and buy.
Be careful! There will be increased volatility today and we are going against a strong bearish trend. Personally, I will give half the risk than usual. I personally risk 5% per trade, now I will only risk 2.5% per trade.
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!
Today on AUDUSD I will focus on buying opportunities on the lower TFs as we are with H4 and D TF on the LL, this increases the chance of a countertrend that I would like to trade. I will wait to reach the marked Buy zones, then wait for confirmation and buy.
Be careful! There will be increased volatility today and we are going against a strong bearish trend. Personally, I will give half the risk than usual. I personally risk 5% per trade, now I will only risk 2.5% per trade.
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!
Comment:
Here we can see a beautiful example of what I write as a warning in the note, the trade gave us only 2:1 and therefore was not very profitable, thanks to this we had a secured position and made a little profit, but better than having a loss!