TRADE IDEA CLOSED Waiting for pull back on IV Eliott wave, entry on reversal Price Action with momentum. Strong support at 98.
============================================= Trading rules are : 1. Trades are taken in 1, 2 or 3 units depending the situation. 2. If 90 percent of first target is reached I move stop loss to break-even. 3. If 90 percent of first target is reached without triggering entry I cancel the trade. 4. About targets : this is not an arbitrary approach, because every situation evolves different, targets will be adjusted according how price behave on key levels. ------------------------------------------------------------------------ My 5 tips to keep in mind that will save you from losing : - Make sure to have enough Momentum on your side - Use powerful confluences (BRN, major S/R, Div, Trend-lines, Fibos) - Have enough space to reach 2 Ratio:Reward at least, avoid tricky noise situations - Good price action (pinbar, inside bar etc..) at bottom/top for a good price - Enjoy your wins and learn from your losses