EURUSD Trade Log
Updated
### Trade Setup (29/10/2024) - EURUSD Long Re-Entry on 4H FVG
1. Initial Long Entry in 4H FVG:
- Target: 1:2 RRR.
- Risk: 1% of account per entry.
- Stop-Loss: Below the 4H FVG zone.
- Entry Signal: Look for a retracement into the 4H FVG with bullish confirmation before entering.
2. Re-Entry Strategy:
- Re-enter if price remains within or respects the 4H FVG, showing sustained bullish momentum.
- Each re-entry should also follow a 1:2 RRR with an independent stop-loss below the FVG.
- Keep cumulative risk of all entries within a maximum of 5% of the account to manage overall exposure.
### Strategy
- Multi-timeframe approach focused on the 4H FVG as a support zone for long re-entries.
- Monitor for any high-impact USD or Euro news that could influence volatility.
- Carefully manage cumulative risk with each re-entry, especially if the trend continues in your favor.
1. Initial Long Entry in 4H FVG:
- Target: 1:2 RRR.
- Risk: 1% of account per entry.
- Stop-Loss: Below the 4H FVG zone.
- Entry Signal: Look for a retracement into the 4H FVG with bullish confirmation before entering.
2. Re-Entry Strategy:
- Re-enter if price remains within or respects the 4H FVG, showing sustained bullish momentum.
- Each re-entry should also follow a 1:2 RRR with an independent stop-loss below the FVG.
- Keep cumulative risk of all entries within a maximum of 5% of the account to manage overall exposure.
### Strategy
- Multi-timeframe approach focused on the 4H FVG as a support zone for long re-entries.
- Monitor for any high-impact USD or Euro news that could influence volatility.
- Carefully manage cumulative risk with each re-entry, especially if the trend continues in your favor.
Note
Aggressive premium entry at top of FVG, lack of patience maybe.Note
Note
patience would have paid off now my risk is doubled...
Trade closed: stop reached
-1.5%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.