### 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%
Fondera | Data-Driven Trading Excellence
💰Watch me trade live: youtube.com/@Fonderaio
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💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
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.
Fondera | Data-Driven Trading Excellence
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
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.