Since the last 1D green candle close our market is down by almost 4.5% Those who shorted the market heavily will start booking profits if the market start going up. Because of this reason I'm expecting a positive day and close today. Even the recent idea Elliott waves suggesting a retracement. All the details are mentioned below Entry:16930-16950 Depending on your risk per lot. Don't have a feeling of FOMO. No need to compromise. We can always find entry points. SL :16880
Lets see If we can secure this trade.
Managing the trade: If the trade goes in our way *Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
I will be updating
บันทึก
Small scalping Enter 16990 SL 16950 Follow the rules
บันทึก
Scalping SL
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
Can't do much post 2 pm there is lot of selling pressure .
บันทึก
Lesson :Don't take morning setups in the afternoon. That too post 2 PM