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  • 4.1 6.4. Using Elliot To Stoploss and Scale in Strategy

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    Jardel Queface
    20 views6 pages
    This document summarizes a course on volume trading cryptocurrencies and stocks. The course teaches key Elliot wave theory, how to use key levels for stop losses, and a scale-in trading strategy. It explains pulse wave patterns, applying stop losses at key levels and lowest lows, and incrementally increasing position sizes at successive key levels in a scale-in strategy. The document also mentions passing an FTMO or other prop firm challenge and verification to trade with 5% daily risk and 10% of your account as risk guidelines.

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    4.1 6.4. Using Elliot to Stoploss and Scale in Strategy

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    This document summarizes a course on volume trading cryptocurrencies and stocks. The course teaches key Elliot wave theory, how to use key levels for stop losses, and a scale-in trading strategy. It explains pulse wave patterns, applying stop losses at key levels and lowest lows, and incrementally increasing position sizes at successive key levels in a scale-in strategy. The document also mentions passing an FTMO or other prop firm challenge and verification to trade with 5% daily risk and 10% of your account as risk guidelines.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    20 views6 pages

    4.1 6.4. Using Elliot To Stoploss and Scale in Strategy

    Uploaded by

    Jardel Queface
    This document summarizes a course on volume trading cryptocurrencies and stocks. The course teaches key Elliot wave theory, how to use key levels for stop losses, and a scale-in trading strategy. It explains pulse wave patterns, applying stop losses at key levels and lowest lows, and incrementally increasing position sizes at successive key levels in a scale-in strategy. The document also mentions passing an FTMO or other prop firm challenge and verification to trade with 5% daily risk and 10% of your account as risk guidelines.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 6

    Keep learning – Keep practicing

    Trust yourself – Trust your strategy I’d love to help you if you have any question
    Course 3. Complete volume trading : Apply volume to trade crypto and stock

    You will learn :


    1. The key theory of Elliot
    2. How to Stoploss with Key level
    3. What is “Scale in” strategy
    Keep learning – Keep practicing
    Trust yourself – Trust your strategy I’d love to help you if you have any question
    Course 3. Complete volume trading : Apply volume to trade crypto and stock

    Pulse wave :
    - #3 wave is not shortest
    - #2 is not over #1
    - #4 is not over #2
    5

    4
    3

    2
    1
    Keep learning – Keep practicing
    Trust yourself – Trust your strategy I’d love to help you if you have any question
    Course 3. Complete volume trading : Apply volume to trade crypto and stock

    Key level

    Key level Entry

    Stoploss = Lowest low + Spread ( 5pips)

    Stoploss applied for Key level and SMC strategy


    Keep learning – Keep practicing
    Trust yourself – Trust your strategy I’d love to help you if you have any question
    Course 3. Complete volume trading : Apply volume to trade crypto and stock

    What is Scale in strategy Pulse wave :


    - #3 wave is not shortest
    - #2 is not over #1
    - #4 is not over #2
    5

    4
    2nd key level ( 0.5% / trade)
    3

    2
    1st key level ( 1%/ trade)
    1
    Keep learning – Keep practicing
    Trust yourself – Trust your strategy I’d love to help you if you have any question
    Course 3. Complete volume trading : Apply volume to trade crypto and stock

    5th key level

    4th key level

    3rd key level

    2nd key level


    1st key level
    Keep learning – Keep practicing
    Trust yourself – Trust your strategy I’d love to help you if you have any question
    Course 3. Complete volume trading : Apply volume to trade crypto and stock

    FTMO – Other prop firm

    Passed Challenge – Verification


    → Risk : 5% / day and 10% of your account

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