Use a short-term chart, like the 5-minute or 2-minute view, to manage the trade entry. Look for a breakout above a minor resistance line or a bounce off a short-term moving average. This minimizes your risk by keeping your stop-loss tight. 🏆 Key Benefits of the Strategy How It Works
Shannon focuses heavily on the relationship between price, the 10-day moving average (SMA), and the 50-day SMA. Price > 10 SMA > 50 SMA. Use a short-term chart, like the 5-minute or
Before you can determine the potential reward of a trade, you must know exactly where you are wrong. Shannon states: "Every trader must define the risk and reward of a trade before taking the position". 🏆 Key Benefits of the Strategy How It
Here are a few examples of how you can combine these concepts into actionable trading plans. Shannon states: "Every trader must define the risk
By anchoring your analysis in objective data—volume, price alignment, and market stages—you remove emotion from your execution and align your capital with the dominant market trend. To help refine your trading strategy, let me know: