The Great Escape Strategy - Amazon Web Services · The Great Escape Strategy • Long Trade Set-up...
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The Great Escape Strategy
Transcript of The Great Escape Strategy - Amazon Web Services · The Great Escape Strategy • Long Trade Set-up...
The Great
Escape
Strategy
The Great Escape Strategy
• Strategy Concept
– Using price action to identify potential
out using Support and Resistance.
• Time-frame
break-
– H1 and above.
• Currency Pairs
– All currency pairs.
Vault of FX Strategies
Long Trade
Set-up
The Great Escape Strategy
• Long Trade Set-up
1. Use at least 2 Lows and 2 Highs to identify the Support and Resistance respectively.
Identify candle that closes above the 2.
Resistance.
Entry Price is at the opening of the next
candle.
3.
The Great Escape Strategy
• Long Trade Set-up
4. Stop Loss is 60% of the range below the Resistance.
Take Profit is at 1:1 risk-to-reward ratio. If 5.
Stop Loss is 65 pips, Take Profit will be 65 pips from Entry Price.
Long Trade
Example
Vault of FX Strategies
Use at least 2 Lows and 2 Highs to identify
Support and Resistance respectively.
Resistance @ 1.0790
Support @ 1.0560
Vault of FX Strategies
Identify the candle that closes above the
Resistance.
Resistance @ 1.0790
Support @ 1.0560
Vault of FX Strategies
Enter at the opening of the next candle at 1.0842.
EP = 1.0842 Resistance @ 1.0790
Support @ 1.0560
Vault of FX Strategies
The range is (Resistance – Support) = 230 pips.
EP = 1.0842 Resistance @ 1.0790
Support @ 1.0560
Vault of FX Strategies
60% of the range is 138 pips.
EP = 1.0842 Resistance @ 1.0790
Support @ 1.0560
Vault of FX Strategies
Stop Loss is 60% of the range below the
Resistance, which is 138 1.0652.
pips below 1.0790 at
EP = 1.0842 Resistance @ 1.0790
SL = 1.0652
Support @ 1.0560
Vault of FX Strategies
Stop Loss is 190 pips from 1.0842.
EP = 1.0842 Resistance @ 1.0790
SL = 1.0652
Support @ 1.0560
Vault of FX Strategies
Take Profit is 190 pips from TP = 1.0832
1.0842 at 1.0832.
EP = 1.0842 Resistance @ 1.0790
SL = 1.0652
Support @ 1.0560
Short Trade
Set-up
The Great Escape Strategy
• Short Trade Set-up
1. Use at least 2 Lows and 2 Highs to identify the Support and Resistance respectively.
Identify candle that closes below the 2.
Support.
Entry Price is at the opening of the next
candle.
3.
The Great Escape Strategy
• Short Trade Set-up
4. Stop Loss is 60% of the range above the Support.
Take Profit is at 1:1 risk-to-reward ratio. If 5.
Stop Loss is 65 pips, Take Profit will be 65 pips from Entry Price.
Short Trade
Example
Vault of FX Strategies
Resistance @ 1.4513
Support @ 1.4377
Use at least 2 Lows and 2 Highs to identify
Support and Resistance respectively.
Vault of FX Strategies
Resistance @ 1.4513
Support @ 1.4377
Identify the candle that closes below the Support.
Vault of FX Strategies
Resistance @ 1.4513
EP = 1.4369 Support @ 1.4377
Enter at the opening of the next candle at 1.4369.
Vault of FX Strategies
Resistance @ 1.4513
EP = 1.4369 Support @ 1.4377
The range is (Resistance – Support) = 136 pips.
Vault of FX Strategies
Resistance @ 1.4513
EP = 1.4369 Support @ 1.4377
60% of the range is 81 pips.
Vault of FX Strategies
Resistance @ 1.4513
SL = 1.4458
EP = 1.4369 Support @ 1.4377
Stop Loss is 60% of the range above the Support,
which is 81 pips above 1.4377 at 1.4458.
Vault of FX Strategies
Resistance @ 1.4513
SL = 1.4458
EP = 1.4369 Support @ 1.4377
Stop Loss is 89 pips from 1.4369.
Vault of FX Strategies
Resistance @ 1.4513
SL = 1.4458
EP = 1.4369 Support @ 1.4377
TP = 1.4280
Take Profit is 89 pips from 1.4369 at 1.4280.
Let’s Escape
With Profits!
