{quote} - its quite simple when you read the swing lows and swing highs - the objective is to get the +2R and above trades every day {image} - in this case, the candle 5 of the swing low did not close above the candle 1, so we wait ... - the next candle 6 happened to be a DBLHC - I would use this candle for my entry {image} > This is just one variation of the swing low entry {image}
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how this ended depends on the market.
we look after the downside and let the market decide the upside.
Exit is far more important than the Entry.
Your Exit strategy is how your manage your trades after an Entry.
One effective way is to manage your Exits by using the R and R-Multiple and moving your protective stops every R-Multiple steps.
"if you are prepared to give back to the market 50% of what the market had given you, then you will learn how to maximize profits for every trade entry"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
