GBP/CAD Short - 31 Oct 2022 | Hybrid Move Result +3.00%
Hey traders,
Yesterday the GBP/CAD short bias was shared, today I want to show you a bit behind the scenes of our trading style.
First of all, everything in your trading plan should be mechanical:
1. The zones we draw are always from the same imbalance candles (our indicator)
2. The entries we take are always provided by our entry script (our indicator)
3. Stoploss & Targets are always the same by our formula (see tool on screen)
These 3 things already can turn you profitable in trading, if of course you tested your strategies a thousand times like we did.
---
GBP/CAD was a beautiful monthly and daily supply stack! On the 4hour we did see price tap our zone last wednesday, however it was just a spike and the entry candle
did not form high enough by our mechanical rules.. not gonna share the boring details.
The risk to reward we use is always 1:3 and that is exactly what we did see with this setup. Hope you like this insight!
Kind regards,
MNieveld
Yesterday the GBP/CAD short bias was shared, today I want to show you a bit behind the scenes of our trading style.
First of all, everything in your trading plan should be mechanical:
1. The zones we draw are always from the same imbalance candles (our indicator)
2. The entries we take are always provided by our entry script (our indicator)
3. Stoploss & Targets are always the same by our formula (see tool on screen)
These 3 things already can turn you profitable in trading, if of course you tested your strategies a thousand times like we did.
---
GBP/CAD was a beautiful monthly and daily supply stack! On the 4hour we did see price tap our zone last wednesday, however it was just a spike and the entry candle
did not form high enough by our mechanical rules.. not gonna share the boring details.
The risk to reward we use is always 1:3 and that is exactly what we did see with this setup. Hope you like this insight!
Kind regards,
MNieveld