Sculping Technique.. Breakout Patterns

[ajeez0708]

Agreed, what i usually did is take fibo projection on the most recent hi-lo and set my TP at 161.8 or which ever SnR level before that

Stop loss level we set just behind previous wave.

Like just now buy entry 1607.0
We set Sl level at 1602.5

Take Profit level we use Risk Reward Ratio (R/R).

Scalping R/R can be just 1:1

Longer term R/R can be 1:2, or more..

So Tp level is up to you!

 

[albagold99]

tq TT krn bukak thread ni, utk klas bbyr, blh rujuk thread tt kt forex e-market, dh ade dah tu...mga2 TT bpjgn dsini mramaikn trader2 tmptan slain pkgsian ilmiah utk kbaikn smua...so spa2 bminat trade gold...jmp2 la TT, ssuai sgt

 

[Les Lau]

Agreed, what i usually did is take fibo projection on the most recent hi-lo and set my TP at 161.8 or which ever SnR level before that

Yes. This are good ways to set TP oso

 

[Les Lau]

tq TT krn bukak thread ni, utk klas bbyr, blh rujuk thread tt kt forex e-market, dh ade dah tu...mga2 TT bpjgn dsini mramaikn trader2 tmptan slain pkgsian ilmiah utk kbaikn smua...so spa2 bminat trade gold...jmp2 la TT, ssuai sgt

Terima Kasih..

 

[Les Lau]

Gold M15 chart.

 

[Les Lau]

Gold breakout down. But facing immediate support level.

 

[Les Lau]

False Breakout.

 

[Les Lau]

False Breakout.

See Image.