TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
It is currently Sun Oct 06, 2024 3:51 am

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: DOK Chapter 3
PostPosted: Wed Oct 20, 2021 9:26 am 
Offline

Joined: Tue Oct 19, 2021 5:20 am
Posts: 4
This is an example of a trade taken today.
I trade price action at support and resistance levels and am looking to use WRBs to help with profit targets (acting as magnets for price) and for potential entries after pullbacks.

Today we had GBP CPI released and price pushed down hard creating a WRB HG after the news.
I waited for a pullback into the WRB zone and a clear price candlestick pattern to signal an entry.

I tend to split my trade entries into multiple positions and in this case I was given a couple of entries.
Profit targets for each trade were using newly formed WRBs as the price action continued down allowing me to trail down behind price and use them to get out on signs of strength (pushes back uping to the WRBs).


Attachments:
LeeTrader Trade example.jpg
LeeTrader Trade example.jpg [ 305.38 KiB | Viewed 737 times ]
Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr