Flashcards
Trade Opportunities
Cards in this deck (6)
- 1For Principle 1- Opportunities will be via a PB or CPB setups within the trend
-Trends that overextend well above an uptrend MA line, or well below a downtrend MA, will typically require a CPB correction before continuing, except in a very fast trend. - 2For Principle 2Primary opportunity, as mentioned, is via a CPB setup. PB setups should only be taken when price moves nicely into an area of lower swing low support (uptrend) or upper swing high resistance (downtrend), preferably breaking that swing low or high before failing. Otherwise, stick to the higher probability multi-leg CPB. By trading only these deeper PB or multi-leg CPBs, we have the advantage of greater trapped trader orderflow.
- 3For Principle 3Higher probability trades at the boundaries will always be BOF setups, due to the presence of breakout trapped trader orderflow. However in the absence of any real strength showing towards the boundary S/R we need to be alert for simple TST setups.
- 4For Principle 4
- 5For Principle 5
- 6For Principle 6
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- Trading Flashcards on Trade Opportunities, created by Mitul Patel on 30/06/2017.
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- Mitul Patel
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