If you look back at my EURUSD trade idea yesterday we were waiting on some indication as to which way we were going to be trading.
Price was trading above the original structure interest I had through the Asian session but I don't trade that anyway so it was no love lost on that. As we approached the London open we could see the bears coming into play and when we saw the new lower low close underneath what was the previous lows we knew this was the flipping of the trade.
When the trade came out of that hourly structure area we simply dropped in onto the 15m chart for entries. price then made a retest and we simply waited for the 15m bearish confirmation which is then where we entered. Already taken TP1 and the remainder of the trade is running risk free and in profit. Very simple trading method, means I don't have to sit at the screen and monitor anymore I can just let the trade either run to final TP or if we have a news impact pull back then my money is safe and will be stopped out in profit.
Any questions then drop them below! :)
Should I start up my own trading group do you think? let me know or drop me a message
Price was trading above the original structure interest I had through the Asian session but I don't trade that anyway so it was no love lost on that. As we approached the London open we could see the bears coming into play and when we saw the new lower low close underneath what was the previous lows we knew this was the flipping of the trade.
When the trade came out of that hourly structure area we simply dropped in onto the 15m chart for entries. price then made a retest and we simply waited for the 15m bearish confirmation which is then where we entered. Already taken TP1 and the remainder of the trade is running risk free and in profit. Very simple trading method, means I don't have to sit at the screen and monitor anymore I can just let the trade either run to final TP or if we have a news impact pull back then my money is safe and will be stopped out in profit.
Any questions then drop them below! :)
Should I start up my own trading group do you think? let me know or drop me a message