SO, i miss the set up this morning. But it was 20 pip away, so I dont fance a stack on it.
OK. Looks like it broke the S1 but not too significantly. Now Normally this works well in trend with a high rate of probability. I am trading this in a range which also has a good probability but not as High as in trend. But I will try to take an advantage of it since it is in the top range of the range, meaning I am shorting this at a resistance on a larger time frame scale. But in the 15 min, its worth the shot.
I am shorting the pair at 1.5230. Now this may have to pass the pyschological numbers at 1.5200. Hopefully it does, but if it doesnt we just close it immediately. But in this case, I just put my stoploss at the daily pivot. CUrrently I have 1 position open, the rest 9 position are in stack ready to open once it is hit. my stack are from 1.5225, 1.5222, 1.5219, 1.5216, 1.5213, 1.5210, 1.5207, 1.5204, 1.5201. And my TP is at 1.5179 with a stoploss at the daily pivot at 1.5276.
Now here is my recovery mode. In case the trade against me with the larger candle break above S1. I can stack to recover the loss to make it break even or slightly less , stacking it towards the daily pivot.




