BTCUSD LONG - Apr 24 (⛈️ Trapping Lighting v1.1)

Tweaked strategy v1.1 - ⛈️ Small range lighting April 10, 2024

Utilising the same strategy, we tweaked the exit strategy to align with the regime change.

We shorten our trades in this regime change and aim for sharp entries

• SL & Risk Reward
  Use indicator red dots as SL and not D1 plotted key points
  
• Confirm that Risk/Reward ratio is minimum 2 otherwise no trade
  
• Minimum 1%
  

• Entry
  Wait for indicator signals to appear
  
• Only enter near D1 plotted key points
  
• Place limit trade below D1 plotted key points to get as sharp an entry as possible
  
• If you miss a trade it is ok, we need to be as sharp as possible
  

• TP
  Place TP at the common resistance point
  
• Adjust TP as the picture becomes clearer
  
• Don’t be greedy, place on body instead of the top of wicks
  
• We should get out of the trade within the day
  

• Alpha April targets
  We will risk SGD 500 per trade
  

Trade closed: stop reached