1) Identify pattern completion point, D. 2) Place an entry order just above completion point. 3) Place stop loss around 10-15 pips below X. 4) Place profit target just below the 61.8% retracement of the AD leg. 5) If price moves up to the 38.2% retracement of the AD leg, manually close half the position and move the stop loss just above my entry to breakeven. 6) Do nothing. Either the market moves to my 2nd target or my stop.
Good luck!
Luke
تعليق
⋅
Trade is now invalid, price has broken above the A leg.