4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway
1H: Observing the price action at the key level (breakout, retest, false break)
30M: Finding the best entry for perfect Risk/Reward ratio
- Buy when uptrend
- Sell when downtrend
- Wait if sideway
1H: Observing the price action at the key level (breakout, retest, false break)
30M: Finding the best entry for perfect Risk/Reward ratio
Kommentar:
4H is uptrend
Kommentar:
1H: Price is break-out and re-test the key level
Kommentar:
30m: waiting for a good entry to buy
Kommentar:
Open 15m chart for a deep look into the price action
Kommentar:
15m chart: Waiting for a perfect entry when the price break-out and re-test this area,
Kommentar:
15m chart
Price break-out, waiting for retest
Price break-out, waiting for retest
Kommentar:
Patience is a key
Kommentar:
Wait for retest
Kommentar:
Open chart 5m for more detail
Trade ist aktiv:
A perfect entry
Trade geschlossen: Stop wurde erreicht:
I absolutely can win this long. But I lost it because of my mistake for the entry. I must wait for some more clear signal to cofirm. In this case, my entry is not good enough for the retest. After my entry, it sets up a double bottom. It should be a better entry.
