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Major difference b/w a successful & a unsuccessful trader is "PATIENCE" Successful trader wait for there trading setups . They don't punch orders everyday. They work patiently for there trading setups to form and then they execute with high conviction
Basic Structure of my Trading Setup - 1 If you are interested will design basic structure for my other trading setup also Follow : @pheonix_trader
#SANGHVIMOV - PULLBACK TRADE Daily T/F: 1. Weekly/Daily Support zone 2. 6 down days in a row 3. 2nd pullback 4. 50 MA Support 5. Fibonacci (61.8% ) support 6. RSI at support zone Hourly T/F : 1. Divergence in price & RSI Follow : @pheonix_trader
#GNA Study previous winners to learn :- 1) 5 Star market structure 2) Buy points 3) Trade management 4) Selling criteria I have done this for GNA. You can use similar approach to trained your eyes. As they nothing is new in market. History repeat itself. so these setup repeat
Thinking of sharing a detailed thread on how i trade pullback based on "False breakout" Lets see the response If i get decent response will share detail thread. So like , retweet & Follow @pheonix_trader
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