Entry on a stop hunt. Targets are green zones. The largest is 0.7586
Great Britain expects “hard” Brexit. Jeremy Hunt and Boris Johnson faced off in leadership debate. The candidates were asked about the Irish border (which will become the only land border between the UK and the EU after Brexit). Both were clear that the issue will not be resolved with a positive outcome. The odds of No-deal Brexit are rising. Due to this, the...
What i need to redo from time to time is...sit, wait, observe...do nothing. It cleans my brain from thoughts, from guessing... OK, here i sit and observe. ...grab the seat over there and hang out with me. P!
short idea based on a stop hunt
An easy method that I'm using to anticipate whale behaviour. Identify stop hunts, messure how much the whales drove price up/down to run the stops, and then project the same distance x2 to x3 in the opposite direction to have an idea around what levels whales would like to take profit.
Looking to short SPX after this double top. Once the neckline breaks you have several opportunities to place short trades ... Target is the longterm channel bottom at around 1737. Taking first profits at 1845.