Dear Alexey - I agreed with you on this one, but it has not moved in the entire day almost. Not to challenge you, but it would be interesting to get your take - and learn more. Did you trade it or invest it? Cheers, Julian.
Dear Julian,
First, thank you for your comment. It's nice to have my ideas read.
Secondly, as I wrote, I will enter the position only when I form a pressure under the level.
As you can see on TF: M5 and TF: H1, we have not formed a pressure.
The thirty-minute bars at 9:30 and 10:00 did not form any pressure too, the bars were big. two bars have gone almost 4.2% of the way, that's a lot.
On the TF M5, as you can see, there was also no pressure, we had one big bar d 10:50 that has gone 2.64%. In my trading system it's too much
Despite the fact that there were increased volumes: 340.57 thousand shares. As you know, large market players on such volumes push the price up, however, it was obvious that these are not realization volumes, because we have been saving a position here for more than 26 days, from 30.04 to 05.06. It is obvious that I, as a manager, with a position of 223.76 million shares, would not realize sell my profit. It is fair to say that only 73 million shares, or only 144 million dollars, have been spent to maintain this position and collect additional volumes, which is small if you have a volume of almost 450 million dollars and you plan to get twice as much turnover at the expense of the spent.
Anyway. we can't enter a breakout model on big bars.
Breaking through the level on the big 5M bar means that the instrument needs to spend a lot of volume to pull the price up, forming a false breakout.
Large players do this to trigger SLs to get additional volumes.
I carefully explains it to my clients who are learning with me. There are many of them among our readers. They will confirm it.
So, as I wrote, I did not enter the position because the model of pressure under the level was not formed. I had no deal.
However, to be fair, I must note that I leave this paper on the list and I will monitor it.
I'll answer your next question too.
I'm a trader, not an investor.
I can explain my position logically.
The rate of turnover of funds in trading is much higher than in investing, as a result, the potential profit is much higher. However, I am also aware of the risks associated with active trading.
But to be fair, the drawdowns in investment are often greater than the losses from the triggering of Sls in active trading.
I also understand that not everyone is suitable for active trading, especially if you do not have enough knowledge.
That is why many people invest instead of trading.
Once again, I appreciate your comment.
If u have additional questions - I'll be glad to answer.
Thank you.