Candle Range Trader (@crttrader77) 's Twitter Profile
Candle Range Trader

@crttrader77

I trade CRT & Help people do the same. Check out my YouTube for some great free lessons. youtube.com/@CandleRangeTh…

ID: 1875187710270513153

linkhttps://www.youtube.com/@CandleRangeTheoryTrader calendar_today03-01-2025 14:29:36

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Stop loss placement: A money candle set up, stop loss can go 5 to 10 pips above/below it. Momentum trade, stop loss goes right above or below the candle that broke inside the range. Have invalidation zones keep losses small so you can keep trading.

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Trading without stop losses is like driving w/o insurance or owning a home w/o insurance. You hate having it, but when it does what it's supposed to, you're glad you got it. Pay your trading premiums so you can stay in the game.

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Usdchf long momentum trade 4 hr. Tuesday ATR candle at 1 am Consolidation below range Entry on 4 hr. Chart when price closed inside range at 1 PM Wednesday.

Usdchf long momentum trade 4 hr.
Tuesday ATR candle at 1 am

Consolidation below range

Entry on 4 hr. Chart when price closed inside range at 1 PM Wednesday.
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Using AI for a risk management plan is top tier. Plug in a win rate, R:R, and account balance and it can walk you through some good options to stick to.

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Be confident in your trading set up to take it 100% of the time. Be humble enough to recognize it won't pay out 100% of the time.

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The one piece that revolutionized my entries: the concept of the break of structure. Tweaked it to my system but yes, I don't trade without it.

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When you first start trading you add stuff to your system. As time goes on, you find things to GET RID OF. Like taking the training wheels off a bike. Simplify.

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Fair value gaps after a break of the money candle are GOLD. The model is simple, prior green day = short bias. Wait for price to break prior day high. Money candle at high of day. Fair value Gap after break of money candle low, 5m Enter on retrace to the gap. 1:2 RR