thats good you got out of a bad short - but you should NOT be doing longs right now
market is BEAR and will drop anytime.
much safer and better R:R to go short.
you can put super tight SL and the trading range has been defined.
im already on round #2 after first wave profit short exit.
but when trend is DOWN its not safe to swing trade LONG, you have to wait to short at top of zone
filipbronola
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@Efpi, Yeah no kidding, switching to a long position here is gambling hard.
ezpi
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@filipbronola, im actually regretting exiting my shorts now..........looks like it might not even make it back up one more wave.
printing red, green, red now on 15m instead of V rebound red->green.........crap...........
filipbronola
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@Efpi, Take a breather, don't trade till we get a definitive breakout. Think, lose 5% to gain 15% in case the market goes up or down. Don't fall for these crap traps.
eXPHorizon
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@Efpi, yeah i seen it coming but was overthinking it alot... ended up with a Faulty Long, well... Better thinking and luck next time right? S/L was tight so its a small loss.
Ishan2908
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RIP
Darkside999
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And got rekkt
ezpi
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if you are on kraken, these are the ranges
ofc each wave will tighten the trading range about 5-10% so put trades in each swing accordingly
market is BEAR and will drop anytime.
much safer and better R:R to go short.
you can put super tight SL and the trading range has been defined.
im already on round #2 after first wave profit short exit.
but when trend is DOWN its not safe to swing trade LONG, you have to wait to short at top of zone