TXS1 – NZD/USD

ENTRY

IDEA (HTF)

formulate a trade idea – your analysis, a likely possibility

Trend continuation

SET-UP (1H)

catalyst – satisfy the conditions of the textbook set-up

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TREND on entry timeframe & 4H chart (✓)

IMPULSE (✓) ADX35

COIL structure, choppy relative to prior impulse (✓)

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

Fibonacci 50%–61.8% // S&R Level // Trend Line // Moving Average (100SMA)

Simple // ABC // ABCDE // Extended Combo // Stochastic Wave Cycle

ORDER

Entry @ Break of Structure // Area of Value // Mid-Range

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

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

1% capital risked for potentially 1.6R

Entry: 0.731 | Stop loss: 0.7373 (-63 points) | Take Profit: 0.7205 (+105 points)

MANAGEMENT

download.pngIf running >1R + swing established, risk halved as there might be a minor buy setup forming

download (4).pngIf 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

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Stop Loss

Trailing Stop

Take Profit

Remarks: Didn’t get to exit on the dips, but oh well

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