Market condition uptrend. The market made a HH after it broke structure. Now we know that we are in uptrend. I am waiting the next movement with price action in a FIB level, emas or in support area.
Market condition uptrend.
The btc is in uptrend so the rest of the pairs follow it.
That is what we like to see the impuse and now the retracement.
We are now looking for the price action to ride the new impulse.
So we need to wait.
Market condition uptrend.
In M30 we could see the marked made a HL with a big candle.
What I do in this cases is not to play their game, I put a buy limit in the down part of the candle,
the market opens the order with the wicks, I called that smart trading, the reason behind that is the SL,
if the SL is enough short you can maximize the TP and minimize the SL.
Market condition downtrend.
As you can see in 4h you mark the setup, "the engulfing pattern".
The dojis between the engulfing are not important so ignore it.
In M30 you look for the first LH to entry.
SL 5 pips from the last wick, in this case is not necesary 10 pips.
In thi case SL is 13 pips so imagine the risk reward.
To be honest I never get on time so I let limit orders and let them run.
Believe me the only difficult here is to learn the structure of the market.
Market condition uptrend.
We can see that the market is making a HH so is a good time to close the trades.
Just in this kind of scenario is valid to close the trade.
The scenario can change if the candle close different because is in Daily.
But we do not know what will do so take profit and do not make the mistake that many traders do.
Market condition uptrend.
This time the market trolled me lol.
It does not matter because I can afford to lose 19 or 17 pips.
Remember that the TP1 is 60 pips and TP2 is 150 pips average so with 1 trade in TP1 I can recover and earn every lost.
I never take the trades personal or put any psychology in the market.