Daily Bias and a Profit Trade Recap

Daily Bias and a Profit Trade RecapLesson 6 of 96 min read

The trade on paper

The four numbers this trade produced, each one read off a chart or a formula that already exists in the course, and what the first target was worth.

The sequence completed as written. This lesson is the four numbers that followed from it.

The entry

Price took the London low at 2,596 down to 2,594, turned, and rallied through the Asian high. The London high at 2,616 was taken with a wick to 2,617.

A 1 minute candle then closed at 2,613, below the last 1 minute swing low at 2,614. Entry 2,613, at market, inside the first ninety minutes of the session.

Entry 2,613, after the swept high and the close back below the structure.

The stop

Module 38 puts the stop beyond the price that was swept, with the spread added so the level itself does not take it.

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