Week trade
Just waiting for retracement to reasonable RR.
You have to close out the position If the price can't touch the target price in the week.
This type of trade is to wait for retracement to good fibonacci level.
This trade opportunities are less than normal trade approach, so you need more patience.
The problem is retracement trade usually accompanied with risk, so after building a position you must have a strategy to deal with the reversal of price.
People always hold the hopeless position that results in damage but week trade is a solution! :)
Just waiting for retracement to reasonable RR.
You have to close out the position If the price can't touch the target price in the week.
This type of trade is to wait for retracement to good fibonacci level.
This trade opportunities are less than normal trade approach, so you need more patience.
The problem is retracement trade usually accompanied with risk, so after building a position you must have a strategy to deal with the reversal of price.
People always hold the hopeless position that results in damage but week trade is a solution! :)
Order cancelled:
We should cancel this limit order because this is trade plan just in the week!
Let's continue to find more trading opportunities next week!
Let's continue to find more trading opportunities next week!