The Disciplined Trader
How to enter the CHART ??
1. Look for candle to cross our zones
2. If the candle crosses above our zone and closes above then take buys ( look no 4.) and vice versa
3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london session.
4. Always wait for retest before executing positions. ( To avoid Fakeouts).
5. Please remember that this chart is for INTRADAY.
Sometime if there is a volume it doesn't retest . E.g london open, ny open , NYSE open.
For SL we go for max 30-40 pips.
E.g. for buys : if the new candle pushes down first and creats the lower wick and shoots up then we can put SL below that wick .. 10-15 pips, coz its more likely to push more further up if that happens.
And to cut losses :
if the market comes back to our entry point (BE) after we have executed positions , we close half, and if it goes drawdown 10 pips we close everything.
Because we don't want to hold losing positions for longer ..
But "" if the markets again reverses and follows our direction then we execute the same trade again .
Good luck ..
Just follow that 👆👆👆👆..
And it will be all good .
How to enter the CHART ??
1. Look for candle to cross our zones
2. If the candle crosses above our zone and closes above then take buys ( look no 4.) and vice versa
3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london session.
4. Always wait for retest before executing positions. ( To avoid Fakeouts).
5. Please remember that this chart is for INTRADAY.
Sometime if there is a volume it doesn't retest . E.g london open, ny open , NYSE open.
For SL we go for max 30-40 pips.
E.g. for buys : if the new candle pushes down first and creats the lower wick and shoots up then we can put SL below that wick .. 10-15 pips, coz its more likely to push more further up if that happens.
And to cut losses :
if the market comes back to our entry point (BE) after we have executed positions , we close half, and if it goes drawdown 10 pips we close everything.
Because we don't want to hold losing positions for longer ..
But "" if the markets again reverses and follows our direction then we execute the same trade again .
Good luck ..
Just follow that 👆👆👆👆..
And it will be all good .