Date mark up: October 22, 2023
XRPUSD
- Payper Trade
Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY.
Execute: Clear break and retest from top or bottom of box.
The week we marked up a mini consolidation(A) within the greater consolidation(B).
During my call I discussed how both are trading positions but as a more knowledgeable trader we will want to wait for Consolidation B set up to happen to enter a Papyer trade.
Standard Rules:
*Position Type: Limit orders and Market Execution orders ONLY
* Only risk 5% of your account
TP1 100 pips
Tp2 150 pips
Tp3 200 Pips
XRPUSD - Payper Trade
Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY.
Execute: Clear break and retest from top or bottom of box.
The week we marked up a mini consolidation(A) within the greater consolidation(B).
During my call I discussed how both are trading positions but as a more knowledgeable trader we will want to wait for Consolidation B set up to happen to enter a Papyer trade.
Standard Rules:
*Position Type: Limit orders and Market Execution orders ONLY
* Only risk 5% of your account
TP1 100 pips
Tp2 150 pips
Tp3 200 Pips
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.
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.