For my retail traders out there, here is a retail bias of the trade I posted previously. We all have different trading styles. So, I posted my smart money concept previous and my retail. As you can see I enter on fib levels and my stop loss is at the fib level above. I set pending orders. The name of the game is to get the best risk to reward ratio. Willing to take two losses risking two percent of my account, but on the back end catch a 9% risk reward ratio. Putting my net profit at 7%.
Commentaire:
Extremely low volume in the market, due to bank closing. UK, having national holiday. Did not take national holiday into account.