Simple trade I flowed with market structure based on a transition that occured on july 8th 2024 that is evident per daily and weekly timeframe which is the momentum timeframe. (thats huge)
After this occured I utilized fibs and my understanding of candlestick structure and supp/res zones and awaited a certain area to break and retest and a beautiful lower high was created and we flowed to tp! brought sl into profit after 20 pips as usual to ensure this would be risk free but not too deep into profit to get stopped out and miss the overall move. IF YOU HAVE ANY QUESTIONS ABOUT ANYTHING ASK BELOW I GOT U! NOW FOR THE TIPS:
* THE MOST CONSISTENT ISSUE I'VE SEEN FROM TRADERS ARE THE FOLLOWING:
1. MARRYING PARTICULARLY TIMEFRAMES (ROBBING URSELF OF THE WHOLE PICTURE)
2. NOT BEING DETAILED AND LAZY. LAZY EFFORT = LAZY RESULTS.
3. NOT UNDERSTANDING WHERE THEY ARE IN MARKET STRUCTURE OR KNOWING PROPER BIAS AT ANY GIVEN POINT
4. TRADING MORE THAN (1 OR 2) PAIRS.
5. BEING UNADAPTABLE TO WHAT HAPPENS AND/OR ALWAYS GUESSING INSTEAD OF USING ACTUAL DATA PRESENTED IN REAL TIME
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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.
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.