T10 – SOYBEAN

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ENTRY

Daily // 4H // 1H // 30m // 15m

Analysis

get context for the set-up

Long term downtrend, price respecting channels on weekly chart.

Criteria

TREND on entry timeframe determined by SMA if subjective (✓)

IMPULSE registering ADX>25 (✓) ADX40

COIL structure clear formation relative to prior impulse (✓)

Continuation/Correction/Coil Structure

Flag // Rectangle // Pennant // Wedge // Triangle // Diamond

Fibonacci 50%–61.8% // S&R Level // Trend Line // Moving Average

ABC // ABCDE // Extended Combo

Orders

Entry @ Break of Structure // Area of Value + Candlesticks

Stop Loss @ +1ATR away from last wick // SMA as guide

Take Profit @ Length of Prior Impulse // Next Area of Value

1% capital risked for potentially 2R

Entry: 949 | Stop loss: 981 (-32 points) | Take Profit: 885 (+64 points)

Remarks:

MANAGEMENT

download (3).pngIf price breaks out favourably, risk halved

downloadIf two-thirds of anticipated impulse, shift to break even

If breakout + strong momentum + space to run, extend take profit and use trailing stop.

EXIT

Stop Loss

Manual. Reason: Messed up adding orders. Result: 0.82R

Trailing Stop

Take Profit

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