Indicators have NO place in Simple Price Action trading decisions. However, ATR (5) is an exception.
ATR is used ONLY for money management and nothing more…
Consequently, the current daily candle range reached the ATR rating. The appropriate momentum for price to reach the FCL did not exist therefore I took partial profit half of the entire position and I have adjusted the stop loss to break-even price level.
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FREE Online Meeting (Zoom) Every Sunday at 21:00 (UTC+3).
Scanning & Evaluating Potential Forex Trading Opportunities with Simple Price Action Strategy.
Send me an email to vasiliades73@cytanet.com.cy in order to reserve a place in the web zoom meeting. You will receive a link of the web meeting as soon as possible.
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ATR is used ONLY for money management and nothing more…
Consequently, the current daily candle range reached the ATR rating. The appropriate momentum for price to reach the FCL did not exist therefore I took partial profit half of the entire position and I have adjusted the stop loss to break-even price level.
--------------------------------------------------------------------------
FREE Online Meeting (Zoom) Every Sunday at 21:00 (UTC+3).
Scanning & Evaluating Potential Forex Trading Opportunities with Simple Price Action Strategy.
Send me an email to vasiliades73@cytanet.com.cy in order to reserve a place in the web zoom meeting. You will receive a link of the web meeting as soon as possible.
LIMITED ACCESS TO ONLY 20 PARTICIPANTS.
Trade closed: stop reached
SL was trigger with break even outcome.
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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.