This article explains how I personally read the chart and how I look for potential long and short opportunities.
INTRODUCTION:
My trading strategy is mainly based on Trend, Support & Resistance, Breakouts, Retests, and Candle Structure.
If my capital is below $100, I generally use:
15M = Trend
5M = Entry
My Trading Process
1. Identify the Trend
Use the 15M timeframe to determine whether the market is bullish or bearish. Look for Long opportunities in bullish conditions and Short opportunities in bearish conditions.
2. Mark Important Levels
Identify key support, resistance, and range levels.
3. Wait for a Breakout
A wick crossing a level is not enough. The candle should close beyond the level to confirm the breakout.
4. Wait for the Retest
Don't enter immediately after the breakout. Wait for price to retest the breakout area.
5. Look for Candle Confirmation
Analyze candle bodies, wicks, rejection, and the previous major candle.
6. Enter the Trade
Consider an entry when the retest and candle structure confirm the breakout direction.
7. Set SL & TP
Place the Stop Loss beyond an important support/resistance area and the Take Profit around the next key level.
Simple Formula
Trend → Level → Breakout → Close → Retest → Confirmation → Entry → SL/TP
Final Rule
Not every breakout will succeed. Don't chase the market or enter because of FOMO. Always manage your risk.
Don't blindly follow a signal. Understand why the signal exists.
Important: This is an educational explanation of my trading method, not financial advice or a guarantee of profit. Every trade carries risk, and the strategy should be tested on a demo account or with small capital before using real money.
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