Going long since underwater longs need to cover
So I got the retrace I was waiting for.
Since this fits all my setup requirements, I'm going long.
I trust that the big boys whose bids got dumped through on the way down will push the price back up so they can close their positions near breakeven.
Invalidation below swing low.
Since this fits all my setup requirements, I'm going long.
I trust that the big boys whose bids got dumped through on the way down will push the price back up so they can close their positions near breakeven.
Invalidation below swing low.
Dagangan aktif
Longs opened, average entry 7842. Didn't get my 'standard' entry because these setups are frequently frontrun - we didn't even get to tap the range low. That's why I set breakout orders to guarantee I get a position. Still left some bids just in case.Time for some upside!
Nota
Now that we've clearly established a new low, I'm pulling my bids, because hitting them requires passing the light blue tangent line, violating the convexity of the arc and thus the basis for the trade.Expecting continued convexity: increasing upward velocity.
tradingview.com/x/7wQEAgpG/[/image=]
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.