Practice time...

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Any ideas?

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Buy or sell?

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Please put your
1. direction,
2. trade logic,
3. entry-stop and target

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Personally, I am bullish because i see those two pink lines above me and I see them calling price to come over

Those are the daily and weekly pivot points
usually price starts a period by visiting them

What do you think?

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If we enter long, do you think we should pull out of our full position once we reach the target? Or maybe we can do something else?

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A smart trader always does 4 things:
1. decide what to do
2. Decide on the area of execution
3. wait for a signal
4. Decide on detailed tatics (entry, SL, target and MM)

If u miss any of them, you will have a problem

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Do you think that we should still use a level 1 signal?

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Personally, the deeper we go into the buy zone, the more verification I would need to execute my trade. So at this time, I would raise my entry to a level 2 or maybe even 3.
If we close this candle red and low, I will then require a level 4 signal to enter

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Sometimes, I would be in a range, and I would enter on a level 1 signal at the range extremes. but I am considering this move an potential uptrend starting so I have lots of time and pips still

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We did not see any tradable sell ideas.
Anyone up for tat please?

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Has anyone achieved an entry yet?
sellers or buyers?

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I am buying now 25% of my planned position size with my stop loss just under the critical level

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Risk .. 8 pips

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What is my logic:

The KS is now up
to turn price has to break the last low
So this is a very low risk entry with the trend .. works for me

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Anyone onboard?

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Remember, use only part of your planned investment size when you want to enter but find the environment dangerous.

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New dynamic critial level at 1.13835. Stops moved just under there risking only ~4 pips

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We are now developing a very important HA doji

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I am exiting with a few pips profit and will re-enter on a higher level signal since TS is now separating from the KS and showing downward momentum

Trade fermée manuellement

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Thank u all for your contribution. I learned a lot today

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Just a note about stops

Once you set your stop, Do not change it during the trading except for a better position
You had a very good reason for its placement and probably a very bad reason for changing it

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A final thought about small TF trading.

On M5, the market vibration cycle is about 2 hours
That should shock u if u r a scalper because most scalpers think that they can make their money in 10 minutes and run

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For those looking to re-enter, please wait for
1. Price to close above TS
2. Green AO

3. I'd love to see TS go up as well but it is your call
Look at my signal levels to know more

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Thank you again for sharing

Please if anyone has more questions, let's use the questions log

Thanks