BUY SETUP CRITERIA Break the Low first, making Lower Low and then break the High to make Higher High.. Buy setup stoploss level : Stoploss at Lower Low Buy setup target #1 : Target at Hi
Trang 2HIGHER HIGH LOWER LOW
Trang 3THE MOVEMENT OF HHLL
Trang 4BUY SETUP CRITERIA
Break the Low first, making Lower Low and then break the High to make Higher High It will start with L , H , LL and HH
Buy setup entry level : Entry buy at Low
Buy setup stoploss level : Stoploss at Lower Low
Buy setup target #1 : Target at High
Buy setup target #2 : Target at Higher High
BUY SETUP
Trang 5SELL SETUP CRITERIA:
Break the High first, making Higher High and then break the Low to make Lower Low It will start with H , L , HH and LL
Sell setup entry level : Entry sell at High
Sell setup stoploss level : Stoploss at Higher High
Sell setup target #1 : Target at Low
Sell setup target #2 : Target at Lower Low
SELL SETUP
Trang 6STEP 1:
Identify what the current price been doing either it on upmove or downmove In this chart, it was upmove
STEP BY STEP GUIDE
Trang 7STEP 2:
Identify the High , Low and Higher High or Lower Low that the price currently movement For simple way to recognize, identify either it break the High or the Low In this chart it break the High and it is called Higher High No Lower Low appear yet So the best is wait for the setup to appear
Notes:
HIGH is the previous swing high before Higher High
LOW is the previous swing low before Lower Low
STEP BY STEP GUIDE
Trang 8STEP 3:
At this point the price break the Low level For simple way to recognize, identify either it break the Low level or not In this chart it break the Low level It is not identify as Lower Low yet until it pullback Now the setup for HHLL is complete This is SELL SETUP as it make Higher High in the first place
Trang 9STEP BY STEP GUIDE
STEP 4:
As the setup is SELL SETUP, entry for sell is at High level The price do make a pullback and now Lower Low is valid
Trang 10STEP BY STEP GUIDE
STEP 5:
At this stage, 4 lines has to be draw :
i) Draw a stoploss level at Higher High
ii) Draw an entry level at High
iii) Draw target #1 level at Low
iv) Draw target #2 level at Lower Low
Now the features of exit & entry level for HHLL setup is complete
Trang 11STEP BY STEP GUIDE
STEP FINAL:
Make sure to resize a lot if dealing with wide stoploss
Make sure minimum risk to reward ratio is 1(risk) : 2(reward) or more Always use stoploss
Use styles example partial close to reduce the risk
If target #1 and target #2 range is narrow, just use target #1
Trang 12HHLL : SAMPLE OF SETUP
Trang 13HHLL : SAMPLE OF RESULT