- Previous Day candle closed bullish. If we are looking for buys we will take on until daily resistance formed on 21 july 15 - If we are looking for sells we take on until 25th dec 02 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 3-8% of our capital. Close trades manually once price reverses to opposite direction and 1 hour candle closes below/above order Block. - After hitting TP 1, always use B.E dont not re-enter new trade.
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This is second time am posting from slightly different technique..
_Price closed for a sell then shot to sky and Hit buy tp(NEWS).... Using Sonalab -OB indicator, we see it did not close above bearish OB... and now price hit Sell TP.. another reason to use less risk and DO NOT TRADE NEWS.
--That being said, I analyzed an error I had for that sell signal and hoping to go back to perfection soon ...