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How to trade away from
the peak.
INITIAL CHECKUP
Once we are on the 15m Timeframe and price has entered our stop hunt
boxes, (NU moved 43 pips to our M3 Pivot and left a pin with price also
out of the bands.)
Then price pulls away and establishes the high ( in the liquidity box) we
will wait for a retest aka the 2nd leg and 5/13 ema cross. On a break and
close of the 13 and 5/13 cross on the 2nd leg with price inside the bands
dropping, we can enter with our stop 7-10 pips above the 1st leg.
40pips!
#8
To hold a trade or take
profit...
Once we are into profit and price has dropped, we will
move our stop to break even and wait to get closer to
session end.
By this time you have probably past your 30 pip TP and
wondering to take or to hold for a swing. What you can
do is:
#1. Take Profit
#2 Hold until reversal confluences for W formation.
#3. Attempt to Hold until 2.5-3xADR
4. If PFH moves from 1 to 2, keep SL at your entry until
next consolidation and stop hunt high, then move SL
above the consolidation once it has dropped/broke out
from this level.
(If you feel like you missed a trade or PFH has moved
from 6 to 7, then wait for the SHH to get your entry or
add lots, if 3xADR is still unfufilled.
It is the same for PFL #9
and any pair!
80pips!
Severe and non severe stop #10
hunts!
Like EURGBP on page #9, If we are out the range
and dont break above or below the range but still
see a sharkfin and 2nd leg retest with divergence
inside the bands. creating the M or W and 5/13
cross, but didnt break the asain high/low, the
pattern is still valid!