Check out my easy winning strategy which I use for my daytrading and you can use it like me!
More information about my trading style: I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come.
📲 In the chart, you can see the Long / Short levels into which I set a limit order and then when filled I manage those positions with the information provided by volume . If the market starts to create volume on the wrong side of the level, I try to end the position at the breakeven point or stoploss. My profit target is determined by chosen RRR or by key levels and S/R zones. If the market runs through them, they can be traded from the other side as well. Supports become resistances and vice versa.
❗️ First of all, when I have the level identified, I set a stoploss.
Stoploss is determined by several criteria. It must not be foo far and it must not be in an area that serves as a magnet, such as POC , Key Levels or a stoploss zone where the market runs out of liquidity.
Summary: Stoploss is determined by: ✅ Pivot high/low ✅ Logical VolumeProfile zone ✅ Low-Volume Node and High-Volume node ✅ Outside key levels
🎉 Trade management rules:
✅ When I see two whole 5-minute candles on the wrong side of the level (for short level “above”, for long level “below”) I move my Take Profit to Breakeven point (entry level) and exit the position if possible, at the entry point if not, at stoploss. ✅ When 80% of the Profit target is reached, I move my stoploss to the BE point.