wait for a push to the down side creating new lower lows and lover highs then we mark out areas with price has reacted in previously. we then wait for price to pull back up to these areas when looking for short postions. we watch how price reacts when hits the closest area in the 15min time zone , we want a wick entry with give us tight stops . we also need to follow the overall trend and look where price is heading overall . if its a downtrend we are looking for price to create a new low and then pull back up to a key area. if we are in a up trend we are looking for buys and when we are making new highs with higher lows we wait for price to pull back down to an area witch has price reacted at before e look as far back and monthly to find these best areas . if one area doesn't work and we get stopped out because the small stop loss we then wait for price to react of another area
risk 0.5% per trade
risk 0.5% per trade
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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.