IF SEVERAL CANDLES ARE CLOSING INSIDE THE BLUE ZONE WE CAN TAKE MORE THAN 1 BUY, IN MANY CASES, AT LEAST 3 CAN BE TAKEN EASILY.
TO TAKE PROFIT YOU CAN:
1- INDICATE THE LONGEST EXPECTED TP (THE UPPER PURPLE ZONE) FOR EXAMPLE IN 1 OF THE TRADES.
2- THEN IN THE FOLLOWING TRADES YOU CAN TAKE SMALLER ACCUMULATIVE PROFITS (HIGHLY RECOMMENDED)
3- USE A TRAILING STOP IN SOME OF THE LAST TRADES YOU TAKE.
AS A TIP: ALWAYS TAKE SMALL PROFITS, DON'T WAIT FOR THE BIG PROFIT, DO THE ANT WORK, AND THEN IN ONE OF THE TRADES LET IT RUN WITH A TSTOP OR A LONGER TP. WITH LUCK YOU WILL TAKE A HUGE PROFIT! AND WITH NO LUCK YOU WILL TAKE THE PROFIT OF 2 TRADES.
Please see this example:
In the chart above we can see how we can easily take 5 trades, one for each candle that closes inside the blue zone.
Still don't worry about where to place the SL and TP, just make sure you understand the entry points.
Then, let´s see the next example:
In this example above, we see where we can open the first trade and the maximum place where the TP is placed (where the purple zone ends).
Now let's examine how it would look like joining all the trades, how we place the SL and where we take profits:
BEAST MODE STRATEGY allows you to make several entries in a safe area, in a 5M timeframe, which allows you to dedicate only a few hours.
Look at the trades I have taken in my account...
The image on the left was the one I used as an example before, then, I took the trades in the corresponding place, putting the TPs in a staggered way, and look how it turned out, it did exactly what we had calculated first.
Notice how far the price has gone. All have been more than profitable trades.
Waiting for the price to enter the safe zone guaranteed us a high hit ratio, you can see the trades taken, I made a profit of $358 in a few hours, without doing anything crazy, just collecting pips, not pretending to make a big trade, but just collecting and collecting.
I only let 3 of the 10 trades run. The result is magnificent.
There is no science to it, you don't have to understand or wait for hours, you can use all pairs, and it also works on other Timeframes (all), but I have recommended this one as it has worked extremely well for me personally.
10 TRADES OPEN / 10 TRADES WON
WIN, WIN AND WIN - NO EXCUSES.