Using the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time
Comment
TP2, at each target I close 50% of the remaining position.
Comment
TP3
Comment
TP4
Comment
TP5
Comment
Being an Intraday Trader I rarely hold trades overnight and certainly never over a weekend. Closing the remainder of the position for a 1-5 risk to reward ratio. Have a good weekend people!
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.