• R. LEVEL: REVERSAL LEVEL
• M. TREND: MAJOR TREND
I am sharing my personal graphs made for myself based on to the public which are current operating trades, about to open trade (literally live) or pending orders about to be placed based level pullbacks, consider placing you trade in a short pullback always, or if you want to shoot the trigger live, make sure it’s done quite right as it can make the difference in the end with the TP and , I do not state risk to reward ratio, its up to you as I manage risk.
I personally do not use ratio reward, as for me I manage the trade in different timeframes and pullbacks, I also manage capital risk on different lot sizes, normally what I want to earn monthly is what I risk monthly and have at the end a good result. Let me know what you think about the graphs, comments are welcome, if I am wrong on something or you have a difference perspective, comments are welcome.
Remember that spread factor is important to hit correctly the TP, some platforms you have to manually consider the spread, also another factor is you have to consider pips difference in tradingview vs your broker, use a calculator or an excel spreadsheet and deduct or sum the difference, sometimes there is a notable difference sometimes not.
I don’t put stop losses on my trade as I use risk management of capital, and buy only when the price is “cheap” using levels considering different timeframes and position size for the trade. I close them manually when I feel my investment hasn’t done well or in a break-even situation which has worked well for me on the long run, I know most people trade with SL, if you use to much leverage, it’s an important factor. I don’t use much leverage as for me trades are like an investment where you TP when it has hit your target or you re-evaluate the scenario on a different timeframe. I close them when it’s really need to, trying to make sure that what you have earned at the end of the month surpasses your total risk or losses, always watching , new levels, and EMAs from different timeframes as price normally fluctuates. I do not risk what I can’t afford to lose. Don’t trade what you cannot afford to lose on each trade, or if not suitable probably due to leverage use stop-loss orders.