I'm forward testing some ideas for US30 on the 1h chart and live market conditions.
IDEA: - breakout either long or short - Stop Loss below previous line - About 2.4 Risk/Reward - TP adjusted according to support/resistance on higher timeframes (4h and Daily)
IMPORTANT: By no means take this as something to copy, it's a forward test and it might turn out to be unprofitable. That said it should be fun to watch how the trades unfold :)
Giao dịch đang hoạt động
The long breakout was triggered, but it turned out to be a fakeout, triggering the SL shortly after.
Let's see if the short breakout would have worked.
Bình luận
Short breakout at more than 50% profit.
I'd have my SL at Break Even now, and wait for the trade to reach TP.
If something drastic changes in the price action, I'll get out sooner with a smaller profit.
Bình luận
A new rejection formed, I'd move the SL just above it: around 34628.
In that case, even if the trade does not reach the TP, we will still have a portion of the profit.
Đóng lệnh: đạt mục tiêu
Short breakout target reached 🥳
1 loss (1 risk) 1 win (2.4 reward) ------------ 1.4 total reward
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