Help me keep on posting by clicking on BOOST! (it's like "liking") This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
Trade active
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The trade is Active! Ideally, I'll close 50% if it hits +1RR in profits to be risk-free. And then, if the price decides to hit the SL, I would be at break even. I'll also consider taking more than 50% as profits in partials before even hitting +1 RR to be risk-free if I see a confirmation to continue higher. Remember, this is the game of NOT losing money. That's how you MAKE money.
Comment
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The trade ran +0.90 RR in profits, and as advised on my previous comment, I took partials and I'm risk free, if I get stopped out it's still BE for me, the beauty of smart trade management :)
Trade closed: target reached
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I got stopped, but thanks to my trade management, as previously advised, I was at BE on this trade. I would love to send all my signals here, but a key to my trading success is trade management, and it would be a big hustle trying to continuously update everything I do when I have an open trade. That's why I'll limit my free posts here to just Analyses and expectations. In any case, they are delicious, with around 80% accuracy so far :) as
i agree on the stock market bearish bias, keep them coming!
SmartMoneySource
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@JoeChampion, yes sir! I've been calling these bearish market from the top, I'm lucky I decided to post them for free for everyone here! Let's see how this one goes.