Description
⋅ King W. Harbmayg's Journal Entry #30
Lesser Position: 1:5 R
Scheme 1— Bias via 1D
a. prior day printed long candle,
b. and so my bias is long
Scheme 2— Trade Setup via 15M
a. price is not in discount range,
b. demand zone is triggered
Scheme 3— Execute via 1M
a. market structure favors bias,
b. execute during entry window,
c. stop at the low of structure
Trade active
⋅ Trade Management:
I have set the stop loss to breakeven and plan to trail my stop further if/when price creates more supporting structure.
Comment
⋅ The previous 1M high has been taken out; this indicates a good likelihood of price touching TP.
Trade closed: target reached
⋅ Scheme 4— Trade Evaluation
b. trade resulted in +5 units