Please just present your ideas how we can trade this chart...
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If you have an idea, attach your chart with comments please
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Q1: Are we bullish, bearish or neither?
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and why...
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@Imprimus is saying that he is bullish and that he wants to buy at KS.
So next , we need his stop and his TP
Any other ideas?
So next , we need his stop and his TP
Any other ideas?
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@imprimus
can you please repost your last comment
can you please repost your last comment
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Would anyone be willing to go short, why and how?
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no one wants to short?
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First .. I'm very impressed with ll your answers and how fast you could give them
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Second, All trades are made up of specific elements:
1. Deciding on the current direction (follow KS)
2. Deciding on the entry zone
3. Deciding on the entry signal
4. Deciding on the lot allocation
5. Deciding how to liquidate the position with a loss or with a profit
So always have those by your side as a checklist so you will not enter a trade without doing them
1. Deciding on the current direction (follow KS)
2. Deciding on the entry zone
3. Deciding on the entry signal
4. Deciding on the lot allocation
5. Deciding how to liquidate the position with a loss or with a profit
So always have those by your side as a checklist so you will not enter a trade without doing them
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Third... ALWAYS FOLLOW KS
LET IT BE YOUR GUIDE
So never think short until KS says short
Just forget that there is a short in existence until KS says short
LET IT BE YOUR GUIDE
So never think short until KS says short
Just forget that there is a short in existence until KS says short
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Fourth .. We as trend traders differ from other traders in that we follow the trend and we never second guess it. So we never say that a trend will switch direction unless it actually does.
I see my job as just finding the best trade within the status quo. So don't trouble yourself with the trend being finished. when it finishes it will kick you out and then you can go the other way
I see my job as just finding the best trade within the status quo. So don't trouble yourself with the trend being finished. when it finishes it will kick you out and then you can go the other way
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Again, Nice work
and please feel free to like my charts and the comments
Good luck
and please feel free to like my charts and the comments
Good luck
Trade closed manually