T15 – SGD/JPY

1SGDJPY2SGDJPYADX36

ENTRY

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

Analysis

get context for the set-up (what you want to see: clean impulse, choppy correction)

Anticipating Wave E to form on the massive daily corrective structure. Swing has been established at resistance area, impulse made and now trading the continuation pattern.

Criteria

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

IMPULSE registering ADX>25 (✓) ADX36

COIL structure clear formation relative to prior impulse (✓)

Continuation/Correction/Coil Structure

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

Fibonacci 50%–61.8% (61.8%–78.6%) // 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 2.2R

Entry: 80.4 | Stop loss: 81.6 (points) | Take Profit: 77.7 (points)

Remarks:

MANAGEMENT

If price breaks out favourably, risk halved

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

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

EXIT

download (6).png

Stop Loss

Manual. Reason: Did not want to take correlated risk with T14: USD/JPY short

Trailing Stop

Take Profit

REVIEW

download (5)Active management fucked it up again? Stop loss was at a very safe distance…

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