12125 HSP Set up Intraday
Trade Thesis
a) HSP Set up
b) Triangle breakout possible
c) Two day high breakout possible, if cross 412 first 5 min of day.
d) W formation in daily time frame in development
e) SL compulsory
g) Lower low formation started
h) Pattern has chance of failure, as in Price in down trend in higher time frame, but intraday pattern looks good with risk reward zone and Positive volume accumulation
i) Only for intraday
h) SL compulsory
Trading mindset requirements
a) Don't turn a day trade into a swing trade and it is very risky.
b) Consistent traders focus on making One Good Trade after another.
c) A small loss can still be considered One Good Trade, if we follow rules and system.
d)Trading can be addictive (like Alcohol addict) if we do over-trading and can lead to personal and financial disaster.
e) Setting daily profit targets and daily loss limit is a fundamental tool for managing risk in day trading and to stop over trading.
f) Clear and definite rules must be an essential part of every trader’s game plan, but the best rules in the world are useless if a trader is not able to follow them.
a) HSP Set up
b) Triangle breakout possible
c) Two day high breakout possible, if cross 412 first 5 min of day.
d) W formation in daily time frame in development
e) SL compulsory
g) Lower low formation started
h) Pattern has chance of failure, as in Price in down trend in higher time frame, but intraday pattern looks good with risk reward zone and Positive volume accumulation
i) Only for intraday
h) SL compulsory
Trading mindset requirements
a) Don't turn a day trade into a swing trade and it is very risky.
b) Consistent traders focus on making One Good Trade after another.
c) A small loss can still be considered One Good Trade, if we follow rules and system.
d)Trading can be addictive (like Alcohol addict) if we do over-trading and can lead to personal and financial disaster.
e) Setting daily profit targets and daily loss limit is a fundamental tool for managing risk in day trading and to stop over trading.
f) Clear and definite rules must be an essential part of every trader’s game plan, but the best rules in the world are useless if a trader is not able to follow them.
Ordine annullato
Entry not triggered
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