Been following SUI for a while now and bullish formation still intact.
Being patient for the “right” trade.
What does the “right” trade look like?
I’m looking for price to enter or come close to the last higher low in the most recent fractal. You can see me tracing HH & HL within a higher timeframe to verify direction.
To be more specific, I’m looking to enter around the last sell (supply) on the 4HR/1HR. I should see either a BOS or no new lows being made inside my defined range.
An analogy I like to use is I must trade like Jerome Powell cuts rates. I need to first see evidence that the “economy” (price) is changing.
Risk management is rule #1. If it doesn’t fit, be patient. There will always be another opportunity. ALWAYS!!!
Being patient for the “right” trade.
What does the “right” trade look like?
I’m looking for price to enter or come close to the last higher low in the most recent fractal. You can see me tracing HH & HL within a higher timeframe to verify direction.
To be more specific, I’m looking to enter around the last sell (supply) on the 4HR/1HR. I should see either a BOS or no new lows being made inside my defined range.
An analogy I like to use is I must trade like Jerome Powell cuts rates. I need to first see evidence that the “economy” (price) is changing.
Risk management is rule #1. If it doesn’t fit, be patient. There will always be another opportunity. ALWAYS!!!
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.