Weekly/Daily/4H/1H/30mins timeframes (select 2)

[1] Ensure that price is range bound/strongly respecting S/R on the higher timeframe (✓)

[2] Go down to the lower timeframe and identify the accumulation/distribution/swing point (✓) Head and Shoulders/Fading Bulls

[3] Plot out ST-TL and LT-TL confirmed by the 30SMA and 150SMA. As price is range bound, will be looking for the existing ST trend to reverse. (✓)

[4] Price breaks and closes the ST-TL and 30SMA (✓)

[5] Stop order at the break of the accumulation/distribution structure (✓)

Additional confluences: Head & Shoulders, Support/Resistance on the lower timeframe, Fibonacci Retracement, Candlestick Patterns on the higher timeframe

1% capital risked for potentially 2.1R

Open: 1.011 | Stop loss: 1.023 (-120 points) | Take Profit: 0.9856 (+254 points)

Remarks: Stop loss might be a bit too far. Should have adjusted after the 30/150 SMA cross.


At entry, stop loss placed under/above the lowest/highest point of the support or resistance on the higher timeframe. Moving average cross and TL

Take profit placed before the support or resistance that makes up the range.

download.pngExtra: Stop loss brought lower. This is where the stop loss should have been placed initially. Above the moving average cross and +1ATR away from the swing high. Point to note in the future. If stop loss had been placed here originally, potential R-performance would have been 2.5R instead of the current 2.1R.

download.pngAfter the show of weakness from the bears, should have placed a trailing stop at orange arrow. Can always open a short position again, instead of holding on.

download (5).pngExtra: Shifted stop loss lower. Risk is now halved from initial taken and more than +1ATR away from the latest swing high

At 50% of the range, LT-TL or 150SMA – shift stop to breakeven.

At 80% of the range, shift stop to 50% mark or below/above swing L/H.

If price breaks and closes past the 30SMA on HTF or 150SMA on LTF, tighten stop loss and prepare for manual exit.



[1] Initial stop loss

[2] Trailing stop, as mentioned under management

[3] Manual exit due to change of momentum and break of market structure

[4] Take profit