T26 – SUGAR

ENTRY

IDEA (D)

formulate a trade idea – your analysis, a likely possibility // set-up play out

[Classification] Key Reversal + Coil // Established Trend + Continuation

download.pngDowntrend on the daily which is unlikely to end just yet.

SETUP (4H)

trigger for the mentioned idea, what you want to see: clean impulse + choppy correction

download (1).pngSell setup in the form of the 3 drive pattern

TREND on entry timeframe & 4H chart, determined by SMA if subjective (✓)

IMPULSE registering ADX>25 (✓) ADX42

COIL structure clear formation relative to prior impulse (✓)

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

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

Simple // ABC // ABCDE // Extended Combo

ORDER

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

Stop Loss @ +1ATR away from last wick // Before Impulse Start

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

1% capital risked for potentially 1.8R

Entry: 0.138 | Stop loss: 0.152 (-19 points) | Take Profit: 0.11 (+69 points)

MANAGEMENT

If running >1R + swing established, risk halved

If 20% left to take profit, shift to break even

If strong momentum + space to run + aligned with long term view, extend take profit and use trailing stop

EXIT

Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

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