System:
This trade is based on the TTM squeeze setup on the 4 hour chart.
Reason:
The TTM squeeze indicator fires off a signal when it sees a price breakout from the narrow bollinger band channel. here we note that the bollinger band is actually moving out of the keltner channel, and the momentum is above 0. The green dot following siccessive red dots signifies this event.
I entered the trade at 12 noon at 0.79096 (point 1). The stop is placed 50 pips away at 0.78596 and the price target is 50 pips away too at 0.79596.
Lots: 5
Entry (Long): 0.79096
Stop Loss: 0.78596
TP: 0.79596
Total Pips: +250
Total Profit: $494.53
Around mid-night of 7th, my target point was hit (point 2) and I exited my trade.
Rating:
I will rate this trade a 5 star as I followed it to the book. And I waited for the price to do its things and not meddle with the stop and target points.
0 comments:
Post a Comment