For trading view
Setup: Reversion to the mean
Trade rating: 3.5
Reward: risk: 1:1
Market conditions: low liquidity for the holidays great for this setup
Setup: Reversion to the mean
Trade rating: 3.5
Reward: risk: 1:1
Market conditions: low liquidity for the holidays great for this setup
Comment:
I was in rush when I posted this, so just some extra detail. I am betting on the Xmas optimism as well as the idea that we probably wont get a lot of volatility due to the holidays. I also suspect that some shorts may cover not wanting risk over the period from xmas to new year. so those are my thoughts behind the trade. just a simple reversion to the mean because I feel that the market conditions are perfect for this setup
Trade closed manually:
I exited at about break even when it started to turn. Just missed our target. A little bit unlucky on this one