A simple setup leading to a clean trade with 5:1 reward to risk
Another clean session as price hit levels from the pre-market prep work and then spat out a clear short setup in line with my trading plan rules.
I have developed these rules for myself to help get me in the prime areas for my own daytrading. It may vary slightly from market to market but I have a few simple rules in place to categorize my trades with regards to probability.
In the video, I take a look at a short setup off an opening flush and into expansion and then talk through the reasoning for the trade. I show the key price action and ideal entry and risk level and risk management for the trade.
I feel this to be my basic template for success in daytrading without adding too much complexity. It is a clear and simple approach that anyone can implement into their own strategy.
Hope this helps and please enjoy.
Happy Trading
** If you like the content then follow my profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
I have developed these rules for myself to help get me in the prime areas for my own daytrading. It may vary slightly from market to market but I have a few simple rules in place to categorize my trades with regards to probability.
In the video, I take a look at a short setup off an opening flush and into expansion and then talk through the reasoning for the trade. I show the key price action and ideal entry and risk level and risk management for the trade.
I feel this to be my basic template for success in daytrading without adding too much complexity. It is a clear and simple approach that anyone can implement into their own strategy.
Hope this helps and please enjoy.
Happy Trading
** If you like the content then follow my profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
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