The last-kiss trade is a nice way to trade high-probability breakout trades.
Here are the steps for the last-kiss trade:
-Wait for price to consolidate in a box between two zones.
-The box should have at least two touches on both zones.
-Wait for price to break beyond one of the zones.
-Once price returns back to the consolidation box, wait for the market to print a last-kiss candlestick on the edge of the box.
-For sell trades, a sell stop is placed below the low of the last-kiss candlestick, and for buy trades, a buy stop is placed above the high of the
last-kiss candlestick.
-Emergency stop loss is placed in the midpoint of the consolidation box.
-The profit target is the nearest zone.
Here are the steps for the last-kiss trade:
-Wait for price to consolidate in a box between two zones.
-The box should have at least two touches on both zones.
-Wait for price to break beyond one of the zones.
-Once price returns back to the consolidation box, wait for the market to print a last-kiss candlestick on the edge of the box.
-For sell trades, a sell stop is placed below the low of the last-kiss candlestick, and for buy trades, a buy stop is placed above the high of the
last-kiss candlestick.
-Emergency stop loss is placed in the midpoint of the consolidation box.
-The profit target is the nearest zone.