Extremely low risk on this trade - refer to bottom to see how i risk.
Price has just taken out most of the weeks highs via a very strong, consistent rally. Im expecting price to fake this level to gain the luqidity it needs to push higher.
If price does not move higher and manages to break and stay below the newest low then i will close for a small loss and reverse the postion.
- I risk a % of my capital per 1% market change. Example, 1% risk per 1% market change. Hover over the long tool in the idea to see the total % risk/gain for this trade.
I will also be trailing this trade as i have done my last, The TP is not infact my TP.
Trade closed: stop reached
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Im out, can see this getting heavy. Reversing into a sell now
Holding until candle closes, Remember, i dont use physical stop losses.
LuisASalomon
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@Starb_ I can see us pumping from this support we’re at right now
Starb_
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@LuisASalomon, im on the fence tbh at this point. Closed my long postion at current price and reversed the postion to a sell. Although i think you could very well be right.
LuisASalomon
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@Starb_ yes sir i adapt as quick as you do , i see the sells but my confidence in seeing the buy as well lets me maximize profits by catching both. As they say , the trend is your friend
Starb_
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@LuisASalomon, 100%, We shall see tomorrow what the outcome is, Best of luck (y)