I'm trying something new here. Linking TMS strategy, that indicates a short trade because of regular breakdown rules with a simple trendline indicating either a consolidation or bear flag on monthly TF.
Either way this trade is not backed by all my cirterias so it's risky in my book. I'm opening a trade with half standard position.
Single TP will also follow trendline so as long as this trade goes on, RR will be decreasing.
Trade with your own diligence,
GL HF
Either way this trade is not backed by all my cirterias so it's risky in my book. I'm opening a trade with half standard position.
Single TP will also follow trendline so as long as this trade goes on, RR will be decreasing.
Trade with your own diligence,
GL HF
Trade closed: stop reached:
Too bad SL was hit by a few pips. That's how we make progress, by learning from miss trade like this one. The idea is still valid, so let's see how it behaves.
