GER40 Trade Log
Updated
Trade Setup (29/10/2024) - GER40 Buy in 30-Minute FVG
1. Setup: Despite recent volatility, the 30-minute FVG presents a buy opportunity within a defined support zone.
2. Entry Strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG, respecting recent price lows to limit downside risk.
- Entry Confirmation: Look for signs of stabilization or a bullish reversal within the FVG zone before entering.
3. Trade Management:
- Consider potential re-entries within the FVG if initial entry is triggered and price action aligns with the broader trend.
- Be cautious of any new high-impact data affecting European indices, as GER40 remains sensitive to market sentiment shifts.
4. Note: With recent losses, maintaining discipline on risk management here is key. Avoid over-leveraging, and wait for clear bullish signs in the FVG before committing further.
1. Setup: Despite recent volatility, the 30-minute FVG presents a buy opportunity within a defined support zone.
2. Entry Strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG, respecting recent price lows to limit downside risk.
- Entry Confirmation: Look for signs of stabilization or a bullish reversal within the FVG zone before entering.
3. Trade Management:
- Consider potential re-entries within the FVG if initial entry is triggered and price action aligns with the broader trend.
- Be cautious of any new high-impact data affecting European indices, as GER40 remains sensitive to market sentiment shifts.
4. Note: With recent losses, maintaining discipline on risk management here is key. Avoid over-leveraging, and wait for clear bullish signs in the FVG before committing further.
Trade closed: stop reached
cheecky
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