This is how trading should be done. I've just spotted a Bearish Shark Pattern on the Weekly Chart and while it's not perfect, it's still a great trade worth keeping on the radar. The market has been hovering around the entry price for weeks, which tells me something is brewing.
The Smart Approach:
Now, I’m not entering based on the Weekly Chart alone, that would require a stop-loss that’s way too wide. Instead, I look for an execution timeframe within three levels down. That means the lowest timeframe I’d engage from this setup is the 4-hourly chart.
But here’s the twist...
The Trade Setup:
> I traded what I saw. Simple as that.
It’s not always about having the "perfect" timeframe. It’s about:
Key Rule:
Once the market reaches a certain level, I’ll shift my stop to entry, securing a risk-free trade. That’s always the goal.
Golden Rule in Trading: “Don’t lose your capital.”
The Reward:
If this trade hits my final target, I’ll walk away with a Profit Factor of 27.45.
That means for every dollar I risk, the projected return is $27.45. Let that sink in.
So now the question is - how much of your equity would you be risking on a trade like this? Would you go big, or stick to your usual risk percentage?
Let me know in the comments, how would you manage this kind of high-reward setup?
Stay sharp and happy trading, everyone! 🚀
The Smart Approach:
Now, I’m not entering based on the Weekly Chart alone, that would require a stop-loss that’s way too wide. Instead, I look for an execution timeframe within three levels down. That means the lowest timeframe I’d engage from this setup is the 4-hourly chart.
But here’s the twist...
The Trade Setup:
- I spotted another Bearish Shark Pattern on the 15-minute chart.
- What did I do?
> I traded what I saw. Simple as that.
It’s not always about having the "perfect" timeframe. It’s about:
- Seeing a valid setup
- Knowing your structure
- And having a clear trade management plan.
Key Rule:
Once the market reaches a certain level, I’ll shift my stop to entry, securing a risk-free trade. That’s always the goal.
Golden Rule in Trading: “Don’t lose your capital.”
The Reward:
If this trade hits my final target, I’ll walk away with a Profit Factor of 27.45.
That means for every dollar I risk, the projected return is $27.45. Let that sink in.
So now the question is - how much of your equity would you be risking on a trade like this? Would you go big, or stick to your usual risk percentage?
Let me know in the comments, how would you manage this kind of high-reward setup?
Stay sharp and happy trading, everyone! 🚀
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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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.