to see what I'm talking about please change a tf to a 1 minute chart.
1. NEVER TRADE A BREAKOUT WITH ECN. 2. WAIT FOR AN IMPULSE CANDLE 3.NO MATTER HOW FAR THE MARKET WILL GO - REMEMBER, WHILE WORRYING ABOUT HOW MUCH YOU DIDN'T MADE - YOU'RE NOT WORRYING ABOUT HOW MUCH YOU'VE LOST!!! 4. WAIT FOR A SHORT TERM CORRECTION, USUALLY 3-5 MINUTES - enter after the 3rd - 4th minute close. 5. ENTER ON A CANDLE WITH A SHORT BODY OR INSIDE/OUTSIDE BAR. 6. TARGET IS A NEWLY FORMED EXTREME 7. STOP LOSS IS ABOVE THE ENTRY EXTREME
IF YOU LOSE SUCH A TRADE - YOU WILL ALWAYS LOSE LESS THEN A SLIPPAGE...
study this phenomenon on the history and ask me anything.
Sincerely
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to see the details, please select share, choose make it mine and change to a 1m chart time frame
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and yes - impulse direction can be up or down
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thank you for your likes.
I have decided to share a trading strategies from now on instead of sharing analysis.
however, if you want to see my opinion, you can always ask.
Trading-view is about getting a new knowledge,
I will try to do my best for the entire community.