Look at this chart and lets examine to trade s that you might have been tempted to take
Trade 1
Coming down to the OO so you are looking for a bounce buy BUT where is it in the BB IT S NOT EXTREME ,IT S NOT SPIKEY trade with caution if at all
Trade management if you had taken that trade or a similar trade you want and expect a momentum move away ...and no return !! so when you go into your profit TIGHTEN THE STOP NOW
This protect s your capital..., a loss of a few pips is no damage done , you can always re enter if circumstances dictate STATS 5 winners at 12-20 pips 1 loser at 10 pips and 2 stop outs at 2 pips losses YOU ARE STILL GREEN
and finally i call it ten above and ten below if you are buying the 100 it need s to clear 110 quickly and it ll likely go further , if it cant close below the 90 it ll likely come up again , if it closes below the 90 it s going lower
Trade 2
caution
Why ? not first recent touch
why ? has nt come from high enough , i prefer from above the 50 line this was range bound below the 50 line
why ? range bound a little above so when it breaks it will have some momentum ,and COULD go lower then the 100
there s still a trade to be had tho yes it burst thro the 100 for all the reasons above
BUT THEN it turned round at the 80
20---50--80--100
but havent i told you about those numbers a few times before !!!
Rob you are soooooo boring !
STAY SAFE TRADERS
Trade 1
Coming down to the OO so you are looking for a bounce buy BUT where is it in the BB IT S NOT EXTREME ,IT S NOT SPIKEY trade with caution if at all
Trade management if you had taken that trade or a similar trade you want and expect a momentum move away ...and no return !! so when you go into your profit TIGHTEN THE STOP NOW
This protect s your capital..., a loss of a few pips is no damage done , you can always re enter if circumstances dictate STATS 5 winners at 12-20 pips 1 loser at 10 pips and 2 stop outs at 2 pips losses YOU ARE STILL GREEN
and finally i call it ten above and ten below if you are buying the 100 it need s to clear 110 quickly and it ll likely go further , if it cant close below the 90 it ll likely come up again , if it closes below the 90 it s going lower
Trade 2
caution
Why ? not first recent touch
why ? has nt come from high enough , i prefer from above the 50 line this was range bound below the 50 line
why ? range bound a little above so when it breaks it will have some momentum ,and COULD go lower then the 100
there s still a trade to be had tho yes it burst thro the 100 for all the reasons above
BUT THEN it turned round at the 80
20---50--80--100
but havent i told you about those numbers a few times before !!!
Rob you are soooooo boring !
STAY SAFE TRADERS
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.