ilmscore | AVOID LOSSES with this LITTLE KNOWN trading Trick...

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Do not take trend continuation trades when the market reaches a previous daily structure level.
"Avoid trading trinket innovation trades when the market touches a previous level of daily structure."
Trading Strategy
Pending
Trade trend continuation on smaller timeframes (1-hour, 15-minute, 4-hour) until the market hits the next significant support level (specifically mentioned 1.582).
"So if this market pushed down I would trade smaller time frame one hour 15 minute maybe even four hour depending on what kind of targets I could get down to one point five eight two but I would trade trade continuation only until we hit this level"
Trading Strategy
Pending
Exit a trade if there are two candles down (a pullback) followed by a close below the low of that pullback, indicating a potential reversal.
"I need two candles coming down a two candle pullback right here and then the break below and close below the low of that pullback is where I will take an opposition off"
Trading Strategy
Pending
A 'one two three move' to the downside signals a likely market reversal.
"This right here is a situation where the market is likely to reverse that's one two three move to the downside"
Trading Strategy
Pending
When trading an uptrend, trail stop-losses to previous resistance levels (which become support) after each breakout.
"if the market does something like this once we break this resistance level I move my stop-loss up and when we break this resistance level which we do very soon like right here once we break that resistance level I would move my stop-loss up again so there's my stop-loss and then we have another level of resistance right here that was broken so I would move my stop-loss up to this support level right here"
Trading Strategy
Pending
Exit a trade when a candle closes below the low of a 'one two three move' pullback, indicating a potential reversal and a good point to take profit.
"as we do that you can see that right here this little red candle actually does close below my previous level of support in my one two three move so my target would have been taken right here"
Trading Strategy
Pending
Using the 1-2-3 pattern for profit-taking can increase risk-reward ratio from 1:1 to 1.5:1 compared to standard trailing stops.
"this would have been our position we would add a stop loss initially below this support level over here and our initial target we really don't have a target we're using trail stops so we go from being stopped out at about a one to one risk reward to a 1.5 risk reward adding 0.5 margin to our risk reward just by taking targets off in this specific way using this 1 2 3 pattern"
Trading Strategy
Pending
If a strong downward trend continues past a key support level, trade breakout or pullback patterns down to the 1.5702 level.
"I would trade little breakout patterns or pullback patterns whatever it is all the way down to 1.5702"
Trading Strategy
Pending