#tradejournal $SRM #SRM #scalping This is SRM 1min TF
Tools : EMA 50 (blue),100 (purple), 200 (not shown) + Fibs
Configuration : all EMAs are aligned in order, we are in a bullish trend although it seems getting weaker
Tools : EMA 50 (blue),100 (purple), 200 (not shown) + Fibs
Configuration : all EMAs are aligned in order, we are in a bullish trend although it seems getting weaker
Entry : Pullback is done when price retest the EMA50 and EMA100, for there I'm waiting for the candle to open back above the EMA50 to resume bullish movement
SL is set below the latest swing low just formed by the pullback
SL is set below the latest swing low just formed by the pullback
Targets are determined by previous resistance and fib levels.
First sell off usually happens around 0,618 so this my TP1. When TP1 is hit, I move my SL to break even.
TP2 is at the last important swing high.
Here from entry to TP1, R/R is 1.9. From entry to TP2 R/R is 3.9
First sell off usually happens around 0,618 so this my TP1. When TP1 is hit, I move my SL to break even.
TP2 is at the last important swing high.
Here from entry to TP1, R/R is 1.9. From entry to TP2 R/R is 3.9
First TP got hit, I moved my SL to break even and got stopped out just 2 min after that.
When I entered the trade, I noticed that the trend was getting weaker as the EMA got horizontally aligned (and not in a slope anymore), meaning the trade was more risky.
When I entered the trade, I noticed that the trend was getting weaker as the EMA got horizontally aligned (and not in a slope anymore), meaning the trade was more risky.
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