The evolution of a 1R
May 13:
Bearflag on daily showing signs of failing, switching bias to “long”. Expecting a journey to the upper half of the daily range. (Notice that the ‘daily range’ is nothing but a consolidation above the breakout level on the weekly, making our bullish bias justified. Also note: there are no guarantees in trading, we always work with probabilities.)
May 16:
Drew bullflag on 240min as an expected next step.
May 17:
We have the bullflag. Next step: to “structure the trade” (define trigger/target/stop/sizing, aka turning this opportunity into a trade with an edge). One good way to execute the (expected) upcoming trade is with our software.
May 18:
Triggered in. Aiming for a 1R as always.
May 19:
Controlling urges to abandon the trade. Patience is a skill.
May 20:
1R hit, out and gone biking.
Note: all timestamps in real time. Join us now for trades like this as they happen, or wait a few days for further details on this and other trades as generated by our methodology.
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