Risk Management: How to Enter and set SL and TP for an Impulse
Risk Management: How to Enter and set SL and TP for an impulse move in the market ?
Hello everyone:
Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market.
I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries.
3 type of entries to capture an impulse move
(not all of them will happen, but sometimes 1, all, or none)
Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward)
Breakout: Price break out of the continuation structure (Low Risk, Low Reward)
Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward)
Risk Management is important to your entries.
-Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run.
-15-20 trades per month
-Minimum 3:1 RR on every trade
-Risk 1-2% account per trade
-Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management.
Thank you
Hello everyone:
Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market.
I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries.
3 type of entries to capture an impulse move
(not all of them will happen, but sometimes 1, all, or none)
Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward)
Breakout: Price break out of the continuation structure (Low Risk, Low Reward)
Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward)
Risk Management is important to your entries.
-Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run.
-15-20 trades per month
-Minimum 3:1 RR on every trade
-Risk 1-2% account per trade
-Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management.
Thank you
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