#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]
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
Comentarios:
4H is uptrend
Comentarios:
1H price breakout key level and going up
Comentarios:
30m: Very bullish marubozu candle, so I open 5m to find an entry.
Comentarios:
Price is move perfectly, I move the SL to break-even.
Comentarios:
Move the target to previous key level on the big time frame
Comentarios:
At 5m chart, the price is pulled back and nearly touched the SL
Comentarios:
At 1m chart, price is going up again after a pinbar, so I move the sl right below the pinbar.
Comentarios:
Price is still trying to retest the keylevel, let see if it hit the SL and go down or break-out to continue the up trend
Comentarios:
Price is break-out
Comentarios:
Look like a false-break,
Comentarios:
1m is still an uptrend
Comentarios:
Trend is still very strong bullish,
Comentarios:
At 30m timeframe, price is break-out 1890 and going up on the way without any key levels
Comentarios:
Still, very strong bullish at 4h chart, SL still holds at previous position.
Comentarios:
Move the SL right below previous 30m candle
Comentarios:
Move the SL right below pinbar 15m candle
Operación cerrada: precio stop alcanzado:
Price pull back and touch the SL. Risk/reward: 1 - 2.7
That sounds not bad.
That sounds not bad.
