I am more junior than you Sirji, and any view is welcome
Trade 2 was based on MACD and structure break to the upside, my SL was just taken and price moved up, so Trade 3 was more or less a continuation of Trade 2.
Trade 4 is also based on structure. Price had broken the congestion around 7043, but retraced to take away my TSL. Trend was still up, so was looking for a low risk entry, which was again provided at the structure's congestion line around 7043. Price usually retraces upto 38.2% to 50% in a move, and I usually re-enter at these points if TSL (which is not based on structure highs and lows, like in this case it was BE of addition) gets hit. Price not breaking 38.2% retracement of the move in first 2 bars also gave me a buy signal. SL was below 50% retracement (around 7034) for this long entry (at 7044). This was an aggressive trade though.
Trade 2 was based on MACD and structure break to the upside, my SL was just taken and price moved up, so Trade 3 was more or less a continuation of Trade 2.
Trade 4 is also based on structure. Price had broken the congestion around 7043, but retraced to take away my TSL. Trend was still up, so was looking for a low risk entry, which was again provided at the structure's congestion line around 7043. Price usually retraces upto 38.2% to 50% in a move, and I usually re-enter at these points if TSL (which is not based on structure highs and lows, like in this case it was BE of addition) gets hit. Price not breaking 38.2% retracement of the move in first 2 bars also gave me a buy signal. SL was below 50% retracement (around 7034) for this long entry (at 7044). This was an aggressive trade though.
we all r friends..
thanks for reposting the chart.
it looks like u r following ur system properly.
if ur system says long and if trade results in loss, don't mind. main thing is following the rules.
keep it up.
:clapping: