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

download (5).png

Stop Loss

Trailing Stop

Take Profit

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

REVIEW

download (1).pngWould have hit TP without the management shift to breakeven. Tough triangle to contend with after breaking past the 100SMA but… trend always wins.

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