DVN
For everyone who knows me, I always advise you to trade simple things. And to trade only what you see on the chart.
Another simple instrument in the shorts for the next session is DVN.
At the nearest trading session I will also consider this instrument in shorts after 13.01.
The instrument is in the hisorical lows, we see here the reverse parabolic rounding, it has passed a part of realization, if the market falls, the paper will fall after it. When trading in shorts, ATR will not matter here, because we are in historical lows. I will trade here a break-down model of the support level at 13.01.
If you correctly calculate the risk of a trade, take the minimum 3 to 1 or even more - it will be quite easy.
Anyway, I recommend always to trade from your risk management and money-management.
Order cancelled:
There was no enter point. The market opened with a down-gap