GER40 Trade Log
Updated
### Trade Setup (29/10/2024):
1. Short in 4H FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Above the 4H FVG.
- Challenge: An open pump could threaten the short.
- Mitigation: Consider waiting for a bearish confirmation within the FVG before entry.
2. Long in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG.
- Catalyst: Potential for an open pump, filling the FVG and moving upwards.
Strategy:
- Multi-timeframe approach with opposing trades.
- Monitor for intraday confirmation signals on each setup.
- Manage risk independently; if one trade reaches take-profit, reassess the other.
1. Short in 4H FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Above the 4H FVG.
- Challenge: An open pump could threaten the short.
- Mitigation: Consider waiting for a bearish confirmation within the FVG before entry.
2. Long in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG.
- Catalyst: Potential for an open pump, filling the FVG and moving upwards.
Strategy:
- Multi-timeframe approach with opposing trades.
- Monitor for intraday confirmation signals on each setup.
- Manage risk independently; if one trade reaches take-profit, reassess the other.
Trade closed: stop reached
-1%
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