Support held, #redboxtraders tap and bounce, quick pips

TIP:

This indicator is fantastic for looking at smaller time frame structure. Everything must line up for a trade, the 5m, the 15m, then the 30m, they should all be singing the same song. Once that happens, and you have the target, you have a structure formation a clean set up, you have a high probability trade. Otherwise, you'll be buying/selling at standard levels, using huge or no stop losses and always be chasing your tail

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We opened Camelot at a time where we knew the markets were going to give extremely well and they have. These moves have been so clean and precise even though extreme. We've navigated the highs, the lows, traded them up and down as well as shared as much key information and some of our paid targets with you all. the capture on these trades has been immense and even surprising. The time is coming again where we flip, so please be careful on the markets!

Your likes/boosts on our Tradingview ideas help this channel going, we don't need to run it like this but we committed to helping as many as possible. Likes are quite shocking to be honest, please do go through the Tradingview posts and hit the like/boost button for us. KOG

Nice move into the order region giving traders a lovely short early session. Temporary tap and bounce for the long, but nothing significant as yet. Resistance here, needs to break above that 2320.

#redboxtraders #redboxes giving the perfect entry levels for the long scalps

TIP: The perfect entry -

Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late you're usually going to be the wrong side of the market. So use the bias and the red boxes, bullish/bearish above/below. If it breaks a level and that level turns into support/resistance, what's the worst that will happen? It will hit your SL, you just wait for the trend to confirm and go the other way, or, you wait for another entry with a SL in place. When the target is a long way away, your lot size is important, the RR will make sense even with a larger stop.

When you're scalping you're looking for the perfect entry because you're trading with a larger lot size to travel a shorter distance, almost like a sprinter, using all their energy to go 100m. A marathon runner needs to conserve their energy so will manage for the longer distance. Like scaling in, you won't get the perfect entry, if there is a target above and you're only looking to short the market use a smaller lot size to get into position for a longer capture

Traders will watch drawdown for weeks when the market is going against them, comes to scaling into a position and we don't like drawdown.