I took two trades this week and will explane them.
First trade.
4h time frame shows well respected level witch is resistance. I thought that it can give good opportunity to take a trade.
1h time frame shows really nice looking divergence.
30 min chart also is in divergence position.
Trend line is broken showing new possible move.
Last support broken with nice looking pullback after a while.
I plot my fib indicator and set my order and stop loss.
As soon as price reached +40 pips I changed my SL to BE in case if it is one of "Defence" scenarios. It was this "In case" time and I got stopped out at BE after "Defence scenario" #2 Master market gave me nothing this time but I won against it with no loss
First trade.
4h time frame shows well respected level witch is resistance. I thought that it can give good opportunity to take a trade.
1h time frame shows really nice looking divergence.
30 min chart also is in divergence position.
Trend line is broken showing new possible move.
Last support broken with nice looking pullback after a while.
I plot my fib indicator and set my order and stop loss.
As soon as price reached +40 pips I changed my SL to BE in case if it is one of "Defence" scenarios. It was this "In case" time and I got stopped out at BE after "Defence scenario" #2 Master market gave me nothing this time but I won against it with no loss
"Even a million miles journey starts with one single step"