The idea is to grow a small 1200 account strictly trading my setup and see where we get to at the end of February. This is a transparent journal and I will be sharing my thoughts as i trade.
With my 3 strong candle displacement theory to the upside or downside leaving a fair value gap. I have noticed that if there is a strong reaction to the 50th percentile retracement with continuation to the up or downside, this is a confirmation that this may hold through. But if there is a deep dive below the 50% retracement, it tells me in most cases that we...
Using the trading rule below, we will trade feb and tweak as we go A. TRADING RULES 1. Identify external range liquidity. 2. Wait for ERL to be broken and retraced in the 5min chart for clarity. 3. Mark Highs and lows of the break and retracement in 5mins chart. 4. Wait for this high or low to be broken with 3 strong candle displacement leaving a FVG in 5 mins...
A. TRADING RULES 1. Identify external range liquidity. 2. Wait for ERL to be broken and retraced in the 5min chart for clarity. 3. Mark Highs and lows of the break and retracement in 5mins chart. 4. Wait for this high or low to be broken with 3 strong candle displacement leaving a FVG in 5 mins chart. 5. Using Fib retracement, enter trade at 50% discount on the...
A. TRADING RULES 1. Identify external range liquidity. 2. Wait for ERL to be broken and retraced in the 5min chart for clarity. 3. Mark Highs and lows of the break and retracement in 5mins chart. 4. Wait for this high or low to be broken with 3 strong candle displacement leaving a FVG in 5 mins chart. 5. Using Fib retracement, enter trade at 50% discount on the...