This is how trading should be done. I've just spotted a Bearish Shark Pattern on the Weekly Chart and while it's not perfect, it's still a great trade worth keeping on the radar. The market has been hovering around the entry price for weeks, which tells me something is brewing.
The Smart Approach:
Now, I’m not entering based on the Weekly Chart alone, that would require a stop-loss that’s way too wide. Instead, I look for an execution timeframe within three levels down. That means the lowest timeframe I’d engage from this setup is the 4-hourly chart.
But here’s the twist...
The Trade Setup:
> I traded what I saw. Simple as that.
It’s not always about having the "perfect" timeframe. It’s about:
Key Rule:
Once the market reaches a certain level, I’ll shift my stop to entry, securing a risk-free trade. That’s always the goal.
Golden Rule in Trading: “Don’t lose your capital.”
The Reward:
If this trade hits my final target, I’ll walk away with a Profit Factor of 27.45.
That means for every dollar I risk, the projected return is $27.45. Let that sink in.
So now the question is - how much of your equity would you be risking on a trade like this? Would you go big, or stick to your usual risk percentage?
Let me know in the comments, how would you manage this kind of high-reward setup?
Stay sharp and happy trading, everyone! 🚀
The Smart Approach:
Now, I’m not entering based on the Weekly Chart alone, that would require a stop-loss that’s way too wide. Instead, I look for an execution timeframe within three levels down. That means the lowest timeframe I’d engage from this setup is the 4-hourly chart.
But here’s the twist...
The Trade Setup:
- I spotted another Bearish Shark Pattern on the 15-minute chart.
- What did I do?
> I traded what I saw. Simple as that.
It’s not always about having the "perfect" timeframe. It’s about:
- Seeing a valid setup
- Knowing your structure
- And having a clear trade management plan.
Key Rule:
Once the market reaches a certain level, I’ll shift my stop to entry, securing a risk-free trade. That’s always the goal.
Golden Rule in Trading: “Don’t lose your capital.”
The Reward:
If this trade hits my final target, I’ll walk away with a Profit Factor of 27.45.
That means for every dollar I risk, the projected return is $27.45. Let that sink in.
So now the question is - how much of your equity would you be risking on a trade like this? Would you go big, or stick to your usual risk percentage?
Let me know in the comments, how would you manage this kind of high-reward setup?
Stay sharp and happy trading, everyone! 🚀
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🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.