Feb '24 (edited) • General Discussion
Trading Insights: the power of HTF bias & key levels and risk management
hey everyone
I wanted to share some insights from recent backtests. in the images below, my HTF bias was bullish. however, impatience led me to enter the first two trades without waiting for a deeper pullback, using fib extension based on internal structure, I could be using the external structure
but here's the kicker: once I waited for the lower liquidity to be swept and entered again with the same pattern, I managed to recover the previous losses
Key Takeaways:
1- HTF bias matters: it is simply pivotal. if it's wrong, the trade will surely get stopped out. my advice here is to dedicate the necessary time to define HTF key levels accurately
2- proper risk management: never risk more than 1% on a trade. this way, even with setbacks, profitability is within reach
it's a journey of continuous improvement
happy trading yall,
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Trading Insights: the power of HTF bias & key levels and risk management
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