@meveme, Personally, you ought to buy at 9, a quite solid bottom. And sell if the price went below 9, as we would be moving to a new uncharted place..
meveme
⋅
@stradegem, didn’t understand
Why would u buy at 9 and sell below 9!!!!
If u buy at 9 and went below 9 then u buy more at lower price to bring ur leverage cost down
What are u talking about !!!!
Good luck man
stradegem
⋅
@meveme,
Now I know you misunderstood what I was trying to imply.
Basically, as we all can see, BTT's 9 sats is being a solid ground after it proves to be unbreakable, at least for a few attempts.
Now, you may also say, it should be the "Alternative Bottom" as the most extreme bottom should be located at 1 sats.
Hence, if the daily chart closes at 9 sats, a "triple bottom" scenario would be visible. And, as it would be acting as a solid ground, any break out below 9 sats, would cancel the triple bottom scenario, which also would mean, we will be trying to locate a newer lows.
Currently, as for "Selling below 9 sats", would act as a 'cut-loss' method.
It is better to lose a few percent of your capital, rather than all of your initial capital.
meveme
⋅
@stradegem, what u wrote here my friend
Has nothing to do with anything
9 has been a support for the last attempts we know
If once more bounce from here then 3 rippe bottom
Simple as that
Now u talk about stop loss and all that makes no sense
I know I am not showing pro here
I have been in forex for 20 years
Good luck man
U can have tight stop loss e.g 8
But I won’t suggest that
stradegem
⋅
@meveme,
"Has nothing to do with anything
9 has been a support for the last attempts we know
If once more bounce from here then 3 rippe bottom
Simple as that"
- Is what I have been trying to imply in this post.
---
"Now u talk about stop loss and all that makes no sense
I know I am not showing pro here
I have been in forex for 20 years"
- and also
"U can have tight stop loss e.g 8
But I won’t suggest that"
- is also what I have been trying to imply.
You never average down in a bearish situation.
You only find another solid lower bottom for your next entry point.
Your "20 years of forex experience" should tell you that.
You talk like you are spinning like a circle. Be more consistent.
Or buy
:))
Triple bottom if and when hit 9 again
Cheers :))