Purple Trend- Day Chart
Green Trend- 4H Chart
Pink Trend- 1H Chart
Blue Trend- 15M Chart
How to play ADVANCED TRADING ZONE:
Instead of the usual TP1's to TP3's I did 5 for both "Short Entry and Long Entry" finding the major support & resistance zones on the 4h chart-1h chart
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have tight stop losses when you hit a TP, for example going from Short Entry to TP1, make the stop loss 10 pips to lock in profit. REMEMBER all TP's are major support and resistance , so it won't be easy to smash through multiple TP's at once, so play the zones properly, If your Short Entry to TP1 hits, you raise your stop loss to lock in profit, if stop loss gets hit, reverse the trade and get into a BUY or a LONG from TP1 back to Short Entry, rules apply to all TP's, can keep trading the basic support and resistance zones and scalp them till the swings come in to you hitting all major TP's
Play with multiple positions, one that will ride from Entry point to the final TP!, go low risk on that one and a stop loss at break even always when holding that position. The other positions will be used for scalps on the 15M chart to catch money in between since the candles will be playing in-between our TP's and Entries.
KEEP IN MIND WHEN A TP OR ENTRY POINT IS BROKEN THROUGH, IT WILL SMASH RIGHT THROUGH TO THE NEXT TP! (for example Short TP2 gets broken through, it will immediately go and test Short TP3!!
Rules apply for all the zones!!!
Trend zones, are there to give more confidence in a trade, if for example our green trend line is broken above, a buy will be safe and will hit all of our TP's
Remember, you make accurate charts, and study accurate charts in order to make your psychology level better giving you more confidence in your trade!
CATCH THE REVERSAL, IF TP5 GETS BROKEN THROUGH, WAIT FOR CANDLE TO COME BACK TO HIT AND RIDE THAT TRADE BACK TO ENTRY!
Green Trend- 4H Chart
Pink Trend- 1H Chart
Blue Trend- 15M Chart
How to play ADVANCED TRADING ZONE:
Instead of the usual TP1's to TP3's I did 5 for both "Short Entry and Long Entry" finding the major support & resistance zones on the 4h chart-1h chart
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have tight stop losses when you hit a TP, for example going from Short Entry to TP1, make the stop loss 10 pips to lock in profit. REMEMBER all TP's are major support and resistance , so it won't be easy to smash through multiple TP's at once, so play the zones properly, If your Short Entry to TP1 hits, you raise your stop loss to lock in profit, if stop loss gets hit, reverse the trade and get into a BUY or a LONG from TP1 back to Short Entry, rules apply to all TP's, can keep trading the basic support and resistance zones and scalp them till the swings come in to you hitting all major TP's
Play with multiple positions, one that will ride from Entry point to the final TP!, go low risk on that one and a stop loss at break even always when holding that position. The other positions will be used for scalps on the 15M chart to catch money in between since the candles will be playing in-between our TP's and Entries.
KEEP IN MIND WHEN A TP OR ENTRY POINT IS BROKEN THROUGH, IT WILL SMASH RIGHT THROUGH TO THE NEXT TP! (for example Short TP2 gets broken through, it will immediately go and test Short TP3!!
Rules apply for all the zones!!!
Trend zones, are there to give more confidence in a trade, if for example our green trend line is broken above, a buy will be safe and will hit all of our TP's
Remember, you make accurate charts, and study accurate charts in order to make your psychology level better giving you more confidence in your trade!
CATCH THE REVERSAL, IF TP5 GETS BROKEN THROUGH, WAIT FOR CANDLE TO COME BACK TO HIT AND RIDE THAT TRADE BACK TO ENTRY!
Comment:
LONG TP1,2,3 ALL HIT, 4 & 5 are on the way, check the chart I don't miss!