Check out my intraday S/R zones, key levels and entry levels! Also check why I think that we can call EURUSD that is in a short uptrend.
EURUSD still respect daily POCs and create new one higher and higher, thats why EURUSD is in a short term uptrend.
More descriptions about my trading. I am not patterns trader. My strategy and edge is looking for strong volume zones where Big players were trading. And if a market will come to this zones, I want to trade there again with them. So every day I prepare key levels and key zones and I am waiting when a market will come there.
π²In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
βοΈFirst of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
Summary: Stoploss determined by. β 1. Pivot High / Low β 2. Logical zone according to VolumeProfile β 3. Low Volume Node and High Volume Node β 4. Outside of key levels
π Management Rules:
β When I see in negative zone 5 minutes whole candles ( for short level "over" the level for long level "below) I move my Take Profit to BreakEven point and I want to exit position on Entry point or my Stoploss. β When 80% of profit is reached I am moving my Stoploss to BE point.