Traders struggle sometimes because they don't have a mechanical plan👇
When you have a proper Mechanical trading plan in place, you won't find yourself confused when making some trading decisions.
Example⏩️ price is in an uptrend, but we want to trade the pullback, The plan could be
"if Price tags my sell poi before tapping into the discount level of that range then the sell has high probability of playing "
(Check first Slide)
BUT
If price taps into discount before Tagging the Sell poi, then i won't take the sell trade because it will fail (check second slide).
How did i come up with this plan? It has been backtested and proven , all i have to do is follow the plan every time i want to trade. (Requires a lot of discipline)
The above is just an example of what a mechanical plan looks like
Study this weekend🥂
ForeverINprofit
STUDY 📚
10 Minute Series Part 2.
If you have ever thought 'what next' after getting your bias right, then this is for you!!!
Case Study:
GBPCHF -GBPCAD - BTC - USOIL - EURBGP
Know the difference:
1️⃣ Internal Breakout – Used mainly for entries after an external breakout is confirmed.
2️⃣ External Breakout (BMS) – A true break of structure that suggests price is changing direction.
3️⃣ Fake Breakout (CHoCH) – Signals that price might change direction, but it still requires confirmation.
Understanding these three concepts can significantly improve your market timing and help you avoid entering too early.
Example of 1 ✅
You’re welcome