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


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

A textbook set-up, missed the first one though.


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

IMPULSE registering ADX>25 (✓) ADX56

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


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 1.7R

Entry: 0.8701 | Stop loss: 0.8647 (-54 points) | Take Profit: 0.8795 (+94 points)

Remarks: The volatility around the entry area might either be a good reversal or weak buying. Clean bullish candles on 4H though.


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.


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Stop Loss

Manual. Reason: Resistance area (higher timeframe) + failed to clear the swing high

Trailing Stop

Take Profit

Remarks: There is a possibility that price will retest the bottom and start to range (bounce back up). However, price might spike and take the trade out. Therefore, better to incur a -0.21 loss rather than a full -1 when there isn’t much profit potential due to the limited upside.


download.pngSomething I should consider – screw active management? Or make it a lot less active…