How to Trade with Lo
Counter Trend Trade
S.E.e checklist for GBPUSD
S: Structure ->
-----a- Trend on the 4 hour chart -> DOWN
-----b- Action Area -> Green Zone
E: Entry Reasons ->
-----a- Double Bottom
-----b- RSI Divergence
-----c- Stop Hunt
-----d- Candlestick formation/patterns
e: execution (60min or 15min):
-----a- waiting with 1R:R
-----b- waiting with 2R:R
Watch The News Too and RISK SMALL.
Counter Trend Trade
S.E.e checklist for GBPUSD
S: Structure ->
-----a- Trend on the 4 hour chart -> DOWN
-----b- Action Area -> Green Zone
E: Entry Reasons ->
-----a- Double Bottom
-----b- RSI Divergence
-----c- Stop Hunt
-----d- Candlestick formation/patterns
e: execution (60min or 15min):
-----a- waiting with 1R:R
-----b- waiting with 2R:R
Watch The News Too and RISK SMALL.
Order cancelled:
did not give me good entry