As I want to have a high probability win to loss ratio due to the fact that this is only 1 trade a day.
Win or lose, it is only 1 trade a day. After the trade has executed I shut her down.
My Entry Signal is simple and will be automated.
My Hard Stop, though it may change for less with forward testing confirm, is simple and will be executed within the order.
My Target plan will encompass a simple discretion that can be learned step by step as you are comfortable with the indicators and how they interpret price.
As you can see in the example above, the MurrayMathLines had a tight support and resistance because of the previous chop consolidation. As EOTID raised confirming strength into the move just watch how price continued to the next Murray Math. As you understand this you will be able to go from taking the first S&R regardless of what is being expressed in the tools to gradually capturing more and more of the trending market.
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