good morning australia. this is an official update from april, 10th (www.tradingview.com/...short-for-the-first/) today and tommorow we'll concentrate for "the three black crow setup". let me tell you how it works. in the chart we've got three bear bars and one painting blue bar from myself. for the first we'll concentrate for this blue bar or bullbar.
we've got a good support nearly 5631. we'll open min. 2 position long under the lowest price from the third bear bar and above the first support nearly 5631. if you open a price at maybe 5633 is your stopploss at 5631. is the price over 5635 so you close the half order. stopploss is equal zero, okay? is the price falling under 5631, no problem. same procedure until 5622 and 5610. you must looking at a smaller timeframe what happen in the 3 support zones. no later than tomorrow we need a blue bullbar, thats what we will see for the first ;)
so...good luck, good trades and a nice day.
we've got a good support nearly 5631. we'll open min. 2 position long under the lowest price from the third bear bar and above the first support nearly 5631. if you open a price at maybe 5633 is your stopploss at 5631. is the price over 5635 so you close the half order. stopploss is equal zero, okay? is the price falling under 5631, no problem. same procedure until 5622 and 5610. you must looking at a smaller timeframe what happen in the 3 support zones. no later than tomorrow we need a blue bullbar, thats what we will see for the first ;)
so...good luck, good trades and a nice day.
Trade active:
we bought a price at 5637 because of a good support in the 15min frame and sell the half position at 5644. sl +-0.
now it's possible that the price growing up to 5730 and more. but the chart in the low isn't finisch, yet, we need a dip nearly 5622. but this is not important for the moment. for the first we need a confirmation to 5730 or better 5739. the safety guys buy the aus200 over 5686