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Last modified by Drunk Monkey on 2023-01-14 05:38
From version 3.2
edited by Drunk Monkey
on 2020-06-27 19:49
Change comment: There is no comment for this version
To version 4.1
edited by Drunk Monkey
on 2020-06-27 20:06
Change comment: There is no comment for this version

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... ... @@ -23,12 +23,16 @@
23 23  ** -1 - Symmetrical Price Swing
24 24  ** -0.62 - TP2
25 25  ** -0.27 - TP1
26 -** 0 - First Profit - Scaling
26 +** 0 - First Profit - Scaling
27 27  ** 0.5 - Equilibrium
28 28  ** 0.618 - 62% retracement
29 29  ** 0.705 - OTE 70.5%
30 30  ** 0.79 - 79%
31 31  ** 1 - 100%, or likely SL
32 +* OTE (70.5%) is an ideal target.  getting deeper is better, but you run the risk of not filling your order.  62% retracement is also acceptable, but it results in smaller profits because our SL range will be larger, necessitating smaller order sizes to maintain our risk profile.
33 +* First Scaling, or slightly before, represents the place to take initial profits.  It should be a decent return, preferable better than 1:2 risk/reward, but slightly less than 2 (1.5? 1x75?) is also acceptable.
34 +* Setups on 1h charts better than 5m charts because the pip movements will be larger.
35 +* Key levels xxx.00, xxx.20, xxx.50, xxx.80, yyy.00
32 32  
33 33  == Introduction ==
34 34