Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good 2. Globally and locally uptrend, the price at all-time highs 3. THe levels is confirmed by a touch 4. It was a near test 5. The model I'm going to trade "false breakout with 2 bars" 6. There is accumulation in the highs 7. The price closed in the short area 8. Enough room for trade with risk/reward 1 to 5.10 9. no model "ascending lows" anymore 10. no news for the last 10 days 11. the price came from below 12. BEWARE report on February 10! I'm going to out before that date.
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
But the report is based on the profit & loss, the cashflow statements and the balance sheet and not on a chart analysis ... it has to do with market data, macro-economics much more than with a shorthand chart.
TRADING_as_a_BUSINESS
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@visoris, Thanks for your comment. I know that. The thing about the report was that I was out before it. So that I don't get into trouble with high volatility.