— On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
@Hinzaasifjp, Maybe? Will it break out, or break down?? Place your bets. Don't play this setup if you're not comfortable... you can always watch my setups first. Last doge.x setup played out beautifully though.. GL
er453d
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My idea on this one is the same. I beleive we need to hold above 0.30 for the upward movement to happen. Dropping below this will take us to the 0.20s and like you state a chance to average down if no SL. Thanks for your contribution.
SPYder_QQQueen_Trading
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@er453d, And if you look... it was rejected at the EMA of the RSI... so... lower is possible... and even likely. GL
er453d
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@LadyAmalthea12, I agree, it is likely. In fact we just scraped the zone this morning. Interesting to see how this will play out.
Hinzaasifjp
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How much chance for green area ?
SPYder_QQQueen_Trading
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@Hinzaasifjp, There is an equal chance in either direction. However, if you take the trade now, and also double where it says, then profit jumps to 47% at the new target. MOST OF THE TIME, I only have to average down once... but it's good to have all buy orders set in case of a flash selloff and bounce. I hope that made sense...
Hinzaasifjp
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@LadyAmalthea12, thank you for your reply.
SPYder_QQQueen_Trading
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@Hinzaasifjp, Anytime, my friend. And remember... everything that goes up comes back down so if you're unsure it will happen again... don't chase anything and just understand how it moves. 😜 Once you understand how it moves you will win every time. 🙏