1) Risk max 2% of your a/c in any trade 2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips 3)Repeat step 1) & 2)
By breaking new low, we wait for new buy setup at around 140.25
Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
Buying at fresh demand zone