It’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high.
After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to trade a 1 to 2.27 risk to reward trade based on the daily timeframe. I also have an opportunity to grab more pips on a lower timeframe.
Keeping it simple
When price is in an uptrend(bull volatile as this one) it’s best to not switch strategies. Trade what’s working. I’m trading my TMP strategy using a Fibonacci to help me get more than a 1:2 risk to reward. That’s it. No indicators. No trend lines. Just price in the form of candlesticks and a Fibonacci tool. Simple.
That’s what keeps the market fascinating. You never know when things will change. It’s a beautiful yet chaotic puzzle.
Wouldn’t you agree?
Today I’ll be live-streaming at 1:00 pm est. I hope you can join me. I’ll see you there.
Shaquan
After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to trade a 1 to 2.27 risk to reward trade based on the daily timeframe. I also have an opportunity to grab more pips on a lower timeframe.
Keeping it simple
When price is in an uptrend(bull volatile as this one) it’s best to not switch strategies. Trade what’s working. I’m trading my TMP strategy using a Fibonacci to help me get more than a 1:2 risk to reward. That’s it. No indicators. No trend lines. Just price in the form of candlesticks and a Fibonacci tool. Simple.
That’s what keeps the market fascinating. You never know when things will change. It’s a beautiful yet chaotic puzzle.
Wouldn’t you agree?
Today I’ll be live-streaming at 1:00 pm est. I hope you can join me. I’ll see you there.
Shaquan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.