Week by week pinched pips keeps increasing.
As highlighted last week, Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc).
Using the 5min candle for entry keeps the SL small btw 10-15 pips and TP ideally to the next level. Some swing levels are only marked after price interacts pre-calculated levels.
Two possible road maps for the week, a or b?
As always price action determines trades.
As highlighted last week, Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc).
Using the 5min candle for entry keeps the SL small btw 10-15 pips and TP ideally to the next level. Some swing levels are only marked after price interacts pre-calculated levels.
Two possible road maps for the week, a or b?
As always price action determines trades.
Trade active
Super swing upward, expecting a good swing below SZSell entry @219
sl -15pips
Trade closed: stop reached
Sell reentry @342 sl -10pips
Note
Sell entry @342 closed BEReentry @446
sl -15pips
Note
Sell entry @342 closed BESell reentry @433
sl -15pips
3 trades: -15/0/0 = -15pips
Note
Sell entry @433 closed BESell reentry @ 693
sl -15pips
Note
5 trades :-15/0/0/0/-15 = -30pipsSell renetry @049
sl -15pips
Note
6 trades :-15/0/0/0/-15/0 = -30pips
Sell reentry @082
sl -15pips
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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.
Related publications
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.