Managing the trade

DONT FORGET TO REPLACE THIS.

this is the lecture for exactly how to manage a trade – very good
incl fibonaccie extention tool (here are the figures: https://www.investopedia.com/articles/technical/04/033104.asp )
counter trend line broken(in diection of the trend) = exceptional momentum
exit on weakness is explained (scalpers rule)
maximum risk window is explained
followthrough
break out failure … divergence
3expMA surfing
https://www.udemy.com/trading-inside-bars-find-setups-today-make-money-tomorrow/learn/v4/t/lecture/2544692?start=15

How to enter a trade
1) Pattern key and context is present
2) establish a counter trend line
3) Establish Point 1 – with an horizontal line
4) Establish maximum risk by calculating 3 cents over the inside bar, and 5 cents below
this will create the maximum risk window
5) Once filled (once the trade is executed) I will manage the breakout
6) At the open of the breakout bar, I will move stop loss to break even
7) watch the break out so see, how it follows through in terms of divergence and confirmation of my trend
8) if behaving as it should, I go into advanced targetting (to see where I which to exit)
(place the fibonnacie tool, from the most previous low,to high of point one, to low of inside bar (levels: 38, 50, 618, 100
9) If diverging from 3xmov cover weakness…
10) if not behaving properly, evoke scalpers rule, sell into stength for break even or profit if possible…
11) 3 xema surfing is a good indicator

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