I take entry after SL now am in profit can i hold?
jetly232
⋅
@javeedhhussain, Yes the structure has not changed and the bias is still SHORT.
My Trade has already been tagged out with that spike.
I have posed similar analysis again and still looking for sell move.
After all its a probability model. We just dont know when will the move happen
jetly232
⋅
@javeedhhussain, Just wanted to update since you asked about holding the trade.
Price has already gone as forecasted.
Price has reached the bottom of the structure and is corrective as well on the 1hr.
I dont want to take buy order now, even though keeping in mind that sell is the over all market sentiment.
If i get tagged out of the trade, I am happy with the trade and profits are been aggressively locked.
If price happens to retrace back then will wait for it to reach the top of the structure to short again.
This is the difference between Valid Trade VS High probability trade.
Valid trade is a possibility of a LONG setup and High probability trade is price going back to top of the structure and shorting it.
HP trades are better than Valid trades as their moves will be very impulsive and higher R:R potential.
javeedhhussain
⋅
@jetly232, yes i exit yesterday but looking down again?
jetly232
⋅
@javeedhhussain, No. Not anymore.
Will have to reassess the chart again and then only make decisions accordingly.
Will be positing the analysis if an opportunity appears.