Trading session report for August 11.
All trading is based solely on market understanding and horizontal levels. No indicators, no bots.
I strictly trade my own algorithm that I understand, specifically the breakout of strong levels.
On this day, this was the only trade; the market did not give me any other setups.
Instrument: USOIL
On the hourly chart, I saw a clear level—this is the level after which a strong downward pullback occurred, after which we approached this level again in a U-shaped movement a few days later.
Before the level, they began to accumulate with fading volatility (gathering energy).
Strictly trade my own algorithm that I understand, specifically the breakout of strong levels. On this day, this was the only trade; the market did not give me any other setups. Instrument: USOIL On the hourly chart,
I saw a clear level—this is the level after which a strong downward pullback occurred, after which we approached this level again in a U-shaped movement a few days later.
Before the level, they began to accumulate with fading volatility (gathering energy).
Next, looking at the 5-minute chart, my main timeframe for entering a trade, we see that we are starting to compress towards the level.
I place a stop order for a breakout, after which we fly upward without a pullback. Great trade, I took profit with 3 targets: 50% at 2:1, 25% at 4:1, and 25% to the end.
As a result, I caught almost the entire move.
I placed all trades through my own trading panel, which you can also test in your own trading.
Here is the link to my trading panel:
https://www.mql5.com/en/market/product/189738
You can also try it for free in demo mode or rent it for a few months
