outlier1500

#TheStrat 3H 2-2 rev BELUSDT Trade Analysis - Billiard Analogy

BINANCE:BELUSDT.P   BEL / TetherUS PERPETUAL CONTRACT
A trade I took per Rob Smith's #TheStrat. Been using this strategy for about 2 months, and in that time been adapting my style of trading the strat to the crypto markets. When I entered this trade, I already had several 2-2-2 continuations in force on the 45 ,15, and 30. I entered on the hourly continuation which was triggered by the 2-1-2 continuation on the 5er, this also triggered the 3 hour 2-2 reversal, which was the main trigger I was wanting to trade. You can see on the chart that our first target also happened to be the trigger for the 6-hour 3-2 continuation. This goes back to the billiards analogy that Rob always makes. You always want to be thinking in terms of what other "balls" are you setting up while knocking others in. What does your next 2 create, negate, or do? If you trigger on a lower timeframe, how will that affect your higher timeframes? So this particular trade illustrates that well. We entered using multiple triggers on multiple timeframes, each confirming one another, and we look to trigger more higher timeframe triggers on our way to magnitude.

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