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

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

download (2).pngImpulse followed by an ABC falling wedge reversal which has broken out and is now forming a flag retesting the previous broken out point. The take profit could be way higher but due to the high holding costs a swing trade is more preferable.


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

download (3).pngThe flag as seen on the 4H. ABC has played out, providing an area of value to buy from.

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

IMPULSE registering ADX>25 (✓) ADX65

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


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 3.6R

Entry: 961 | Stop loss: 942 (-19 points) | Take Profit: 1030 (+69 points)


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


download (2).png

Stop Loss

Manual. Reason:

Trailing Stop

Take Profit

Remarks: Can’t blame yourself for this one. Maybe the stop loss is not at a place where idea is invalid but still nothing wrong with the execution. Would’ve have gone up on other times. In fact it already did…