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Last modified by Drunk Monkey on 2023-01-14 05:38
From version 21.1
edited by Drunk Monkey
on 2020-06-29 19:21
Change comment: There is no comment for this version
To version 26.1
edited by Drunk Monkey
on 2020-07-06 17:44
Change comment: Uploaded new attachment "Screenshot 2020-07-07 at 01.43.50.png", version {1}

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40 40  \\- daily view
41 41  [[image:Screenshot 2020-06-29 at 03.14.02.png]]
42 42  \\- 15m view[[image:Screenshot 2020-06-29 at 03.06.46.png]]
43 +
43 43  * Note the following:
44 44  ** institutional levels
45 45  ** old monthly high at 1.1720 (1.17137 rounded)
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47 47  ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE.
48 48  ** also, a high, with two lower highs on either side makes that high more significant.  when this high is broken, it's a more convincing move than breaking the other shorter term highs, thus giving us the opportunity to find a likely OTE.
49 49  ** at the fib, we see price rockets away from a STL
51 +
50 50  * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support")
51 51  
52 52  == {{id name="Intro"/}}Introduction ==
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80 80  ** Profit taking
81 81  *** take at 1st scaling at -0.5 or 15 pips or more
82 82  *** take next at -1.0 or 15 pips or more (or slightly before - round down to the nearest 10 level)
85 +*** take a scaling at 100 pips regardless of where you are
83 83  *** take next at -1.5
84 84  *** take next at -2.0
85 85  *** once price moves beyond the 1st scaling, move the SL up (just beyond BE)
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90 90  [[image:Screenshot 2020-06-29 at 05.10.27.png||queryString="width=363&height=533" height="533" width="363"]]
91 91  We could also at -1.5 level
92 92  
93 -*
96 +* key things learned
97 +** when to move a stop
98 +** what entry price to look for
99 +** where stop loss should be
100 +** where do you take partials
101 +** what you avoid doing to your revised stops (choking them out)
94 94  
95 95  == {{id name="Ex02"/}}Example 2 ==
96 96  
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