US30 1h Price Action | Neutral | Long/Short breakout | TESTING

17 lut 2022Hello traders,

I'm forward testing some ideas for US30 on the 1h chart and live market conditions.

IDEA:
- breakout either long or short
- Stop Loss below previous line
- About 2.4 Risk/Reward
- TP adjusted according to support/resistance on higher timeframes (4h and Daily)

IMPORTANT:
By no means take this as something to copy, it's a forward test and it might turn out to be unprofitable.
That said it should be fun to watch how the trades unfold :)

17 lut 2022

Zlecenie aktywne

The long breakout was triggered, but it turned out to be a fakeout, triggering the SL shortly after.

Let's see if the short breakout would have worked.

17 lut 2022

Komentarz

Short breakout at more than 50% profit.

I'd have my SL at Break Even now, and wait for the trade to reach TP.

If something drastic changes in the price action, I'll get out sooner with a smaller profit.

17 lut 2022

Komentarz

A new rejection formed, I'd move the SL just above it: around 34628.

In that case, even if the trade does not reach the TP, we will still have a portion of the profit.

17 lut 2022

Transakcja zamknięta: osiągnięto wyznaczony cel

Short breakout target reached 🥳

1 loss (1 risk)
1 win (2.4 reward)
------------
1.4 total reward