FAQ- Read these posts before you ask any questions or subscribe.
FAQ
Before you start using my education alert go thru following posts until you understand my style very well.
Summary of my style. But do read links below this summary for better understanding.
Recommended stop: -2 and go to BE(Break Even) on +2. Some ppl who can't reenter shall choose -3.5/4
Scale out: 2 lots at +6/8, 3rd at +10/16, 4th leave runner at Breakeven(your entry price)
Entries:
Never short above or long below Setup Price. You may short below setup price or long above setup price if price pauses earlier. Basically wait for it to pause or come back to it from rip/dip & pause before executing.
When shorting always short on right side of the “A (or inverse V)” and when longing long against right side of the “V” on 1 min/10 sec chart with setup price in mind.
So, if Alert to go long against 66. Never long at 64 or 65 or 63. Long at 68 or 66 or up to 70, that is within 4 points of the marker. If short is against 40 then short between 36 to 40 is fine if the price is moving up after dropping to 32 but let it pause and don't put limit short at 38 or 40. But if it keeps moving and goes to 42 we don't short until it falls back below 40. Never buy or sell limit orders, though some ppl have success with sell stop or buy stop orders, Watch where price pauses against setup price and take a shot.
Reentries:
Most setups will give double or triple dip chances. You will get in, get +4, 6 or 8 or even +12 on 3rd and it will come back and stop you out. You reenter and you rinse and repeat. So be ready for that. The setup is always valid until it’s canceled. Risk is limited to -2. For more information check pinned message and go to post on entries on sub stack.
Read below links regularly to internalize the trading game.
Its fight with yourself. Mental Game of trading.
Read my trading method, auto stop, auto break even and scale out strategy
Entries/Reentries and Risk Management strategies
Example alerts can be found here.
How to setup ATM strategy on Ninja & TOS
Evaluation and funded trading options
Some frequently asked questions on paid telegram