... CONTINUED
yesterday we had a nice parabolic push to the upside penetrating major support/resistance 14,141.00 and descending channel (high) 14,256.00 & (SAR) BB (upper) 14,256.00.
I believe we have hit a new monthly /yearly high, I won’t be completely bullish until we break a 4H C. CLOSE above that s/r, and then even more bullish if we close 4H above both s/r and BB (upper) if we should get rejected I will put in for a small short position and sL-above BB and tp-major s/r . Then see if it goes back up to test the top again and wait for that 4H close before putting in any longs, thanks, hope u like my this opinion as I’m still considered a newbie myself and everything is just my own trend-technical analysis and there is much much room for error even for the pro traders, so always use risk-money management, stop losses, take profits, follow the trend as its ur friend to the end until its not! don't use any leverage higher then 5-10X or you may be at higher risk to get rekt-liquidated, just a few pointers for any beginners,most common mistakes most newbies make that can be changed and prevented to bring you to a winning ratio percent% from a losing percent% ratio, mostly 80% comes down to risk management like setting stop losses & take profits, and not using high leverage so not to get rekt, only trade with 10% of margin of your total portfolio on each trade to live and fight another day, go with the trend and never against...believe me we all have done that for sure and learned the hard way from each of these easy fixes to bring your trading winning ratio into profit and not loss, remember its not so much everyday how much money you make in each trade but how much u dont lose is even more important, anyway hope u like these tips, give me a like if u bennifited from them thanks (10XBITTRADER)
yesterday we had a nice parabolic push to the upside penetrating major support/resistance 14,141.00 and descending channel (high) 14,256.00 & (SAR) BB (upper) 14,256.00.
I believe we have hit a new monthly /yearly high, I won’t be completely bullish until we break a 4H C. CLOSE above that s/r, and then even more bullish if we close 4H above both s/r and BB (upper) if we should get rejected I will put in for a small short position and sL-above BB and tp-major s/r . Then see if it goes back up to test the top again and wait for that 4H close before putting in any longs, thanks, hope u like my this opinion as I’m still considered a newbie myself and everything is just my own trend-technical analysis and there is much much room for error even for the pro traders, so always use risk-money management, stop losses, take profits, follow the trend as its ur friend to the end until its not! don't use any leverage higher then 5-10X or you may be at higher risk to get rekt-liquidated, just a few pointers for any beginners,most common mistakes most newbies make that can be changed and prevented to bring you to a winning ratio percent% from a losing percent% ratio, mostly 80% comes down to risk management like setting stop losses & take profits, and not using high leverage so not to get rekt, only trade with 10% of margin of your total portfolio on each trade to live and fight another day, go with the trend and never against...believe me we all have done that for sure and learned the hard way from each of these easy fixes to bring your trading winning ratio into profit and not loss, remember its not so much everyday how much money you make in each trade but how much u dont lose is even more important, anyway hope u like these tips, give me a like if u bennifited from them thanks (10XBITTRADER)
