HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE’S A LOOK AT THE POUND DOLLAR FROM THE MONTHLY PERSPECTIVE * follow your entry rules on entries
* significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN… _________________________________________________________________________________________________________________________ ENTRY & SL – FOLLOW YOUR RULES some rules on exits & entries hope they help. 1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that’s when you are a scalper or your trade are Intra – day based
5. price action must definitely align with the plan.’
6. structure definitely 7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP’S .
9. CANDLE STICK PATTERNS.
That’s basically entry & exits plan basic guide lines RISK-MANAGEMENT
PERIOD – SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.