First up… let’s identify the higher timeframe S/R structure at the session open (18 minutes before the trade). We’ll do that via two charts, the first using the day-session data only and the second looking at the overnight data as well.
Now let’s move forward 18 minutes on our trading timeframe to see the trade entry.
So, how did I know this would win?
Why do you think this is a winner?
Let’s look at the trade outcome first. And then we’ll discuss the answer.
How did I know this trade would win?
I didn’t!
All I knew was that it offered good reward:risk potential.
Your job is NOT to win on any particular trade.
Your job is to win over the longer-term through identifying and managing good R:R trade opportunities.
Your job is not to win on any particular trade.
Your job is to win over the longer-term through identifying and managing good R:R trade opportunities.
It’s a very different mindset. But it could make a massive difference to your results.
Happy trading,
Lance Beggs