


TrapReversalTrading
The first target is 1:1, then 1:2, but long distance would be 1:6.
20 stop and 60 target for 3:1; blocked outside of lower Bollinger for a push down.
Good place to get in short, either quick stop out for 8p or push down for positive RR.
Coming out of a H&S plus longer term support structure so possibility for larger jump up is there.
Drop for 200p, in line with wave distribution falling lower.
From February 26th to April 5th: 43 trades, 22 losses and 21 wins for a total pip count of 572 pips. Letting trades reach planned stop or target, zero early exits. It's not bad but now can see it would be better to keep trades all on one timeframe, like the 120M, looks like the sweet spot for the trading method. Also will modify stops to fit a tighter...