Equal H/Ls Strategy

Here's a trading strategy cheat sheet for fluid trades traders using Equal Highs and Equal Lows:

Equal Highs and Equal Lows Trading Strategy Cheat Sheet

Understanding Equal Highs and Equal Lows

• Equal Highs: Multiple price peaks reaching approximately the same level, indicating potential resistance.

• Equal Lows: Multiple price troughs reaching approximately the same level, indicating potential support.

• These patterns can signal potential trend continuation or reversal.

Identifying Equal Highs and Equal Lows

• Use price charts to identify at least two peaks (Equal Highs) or troughs (Equal Lows) at similar price levels.

• Mark the Equal Highs and Equal Lows levels on the chart.

• Look for patterns that may indicate a potential breakout or bounce.

Entry Strategies

Equal Highs (Potential Bearish Signal):

• Look for a break below the Equal Highs level, indicating a potential downside move.

Equal Lows (Potential Bullish Signal):

• Look for a break above the Equal Lows level, indicating a potential upside move.

Exit Strategies

• Set a target profit level (e.g., 1-2 times the risk) and exit at least a portion of your position.

• Use a stop-loss order to limit potential losses (e.g., above the Equal Highs level for short trades, below the Equal Lows level for long trades).

Risk Management

• Start with small position sizes (e.g., 0.5-1% of your account per trade).

• Use stop-loss orders to protect against false breakouts or reversals.

Remember, trading involves risk, and it's essential to practice with a paper trading account before risking real capital. Always start small and gradually increase your position sizes as you gain experience and confidence in your trading strategy.