Hello Traders, We're having a great weekend no doubt. And I'm trying to do analysis and practice for the upcoming market. And Today going to share with you what I'm doing, what I'm focusing on, what risk-reward, and why I'm taking that RR, etc.
I'm a new trader and I do like scalping. And here is a few things which I found that the market repeat again and again.
I follow 5 to 15 Min time for Entry and 1-4 Hours to watch the market movement and if you check the 5-15 min time frame you always find a trending market, Key levels, patterns, and much more. So how do we deal with them?
1st, Let's talk about the Trend line. Don't enter trade blindly while it's the push phase. Wait for the exhaustion or pullback and mark or draw the key level, check wick rejections and bearish or bullish momentum on that exhaustion level. And if it's a really strong up/down trend you can go for 1:3 to 5. Of Course You have to watch the High Time frame. Nobody can teach you that RR. It's totally up to you but If the trend is not much strong then I like to go with 1:2
2nd, In lower timeframe market always trending and give you breakout and Double top pattern. Just don't jump blindly. Again Never ever open positions on the push phase. Mark the trend line. Wait for the breakout, watch the rejections, candle, and momentum. And together you can draw the key level or support/resistance zone. Once you bring all this together then you can go for it but remember if the market is not good enough I recommend you to use 1:2 cause it works
Conclusion:- The Reason I'm sharing is caused if I'm talking or sharing something wrong you guys can help me to fix that. I'm doing my best. Thank you guys for your support.
Have a great weekend and wish you guys all the best and Never Give Up 💚💚💚
I'm a new trader and I do like scalping. And here is a few things which I found that the market repeat again and again.
I follow 5 to 15 Min time for Entry and 1-4 Hours to watch the market movement and if you check the 5-15 min time frame you always find a trending market, Key levels, patterns, and much more. So how do we deal with them?
1st, Let's talk about the Trend line. Don't enter trade blindly while it's the push phase. Wait for the exhaustion or pullback and mark or draw the key level, check wick rejections and bearish or bullish momentum on that exhaustion level. And if it's a really strong up/down trend you can go for 1:3 to 5. Of Course You have to watch the High Time frame. Nobody can teach you that RR. It's totally up to you but If the trend is not much strong then I like to go with 1:2
2nd, In lower timeframe market always trending and give you breakout and Double top pattern. Just don't jump blindly. Again Never ever open positions on the push phase. Mark the trend line. Wait for the breakout, watch the rejections, candle, and momentum. And together you can draw the key level or support/resistance zone. Once you bring all this together then you can go for it but remember if the market is not good enough I recommend you to use 1:2 cause it works
Conclusion:- The Reason I'm sharing is caused if I'm talking or sharing something wrong you guys can help me to fix that. I'm doing my best. Thank you guys for your support.
Have a great weekend and wish you guys all the best and Never Give Up 💚💚💚