KyleBFrederick

KyleBFrederick

Use proper risk management when trading. Break retest trade. Simplicity is the best complexity.

KyleBFrederick

Notice the "frog legs" when they were placed. Do you know where to buy and sell based on this simple strategy?

KyleBFrederick

If price breaks above, we go long on a retest. If price break below, we short on a retest.

KyleBFrederick

You must first own and tame yourself! AUDCAD made higher highs until it stopped/turned/started again in the direction to create new lows. New lows started to form which broke below previous price points that had buyers interested (demand zone). When my alert went off to signal to me that price had broken below, I set my Sell Limit and used a Stop Loss as well as...

KyleBFrederick

Catching an easy 30 pips would have been doing off the 1st, 2nd, and 3rd touch. You could have caught more but hey, don't be greedy.

KyleBFrederick

After a breakout to the downside, I placed a Sell Limit. My target of +30pips was achieved in 1 hour while I was sleeping.

KyleBFrederick

After the break to the downside, I placed a Sell Limit with a 1:1 Risk:Reward (30 pip SL & TP)

KyleBFrederick Updated 

Waiting for blue candle to break and close above for a Buy limit or a red candle to break and close below for a Sell Limit

KyleBFrederick

Break and close above yellow zone = buy limit Break and close below yellow zone = sell limit