T28 – CAD/CHF

ENTRY

IDEA (4H)

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

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

download (5).png

SETUP (D/4H/1H)

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

The problem – (1) Stop loss is not at where idea is invalidated. (2) False break of falling wedge structure, however it’s still intact, but you already took a loss.

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

IMPULSE registering ADX>25 (✓)

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 1.7R

Entry: 0.7696 | Stop loss: 0.764 (-56 points) | Take Profit: 0.779 (+94 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

Advertisements