About meI trade pullbacks to prior POCs (= point of controls lines vizualized by the session volume indicator) because these levels provide low risk entry points!
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only a few commodities are currently on my long trade list
Today an entry on the 12 min chart was also possible, but like last week the better entry will be near the 18 SMA for a longer term play...
so worst thing that can happen you get out at breakeven
but if you enter at a 50% level (measured open to high of prior days range)
then the chance is very high you can catch a runner
I am holding now doge with a trailing stop below prior days low.
Looking for more breakout coin moves ...
breaks usually one day earlier before
follows to the upside
in the past it was profitable to get into gasoil instrument even if there was no break above the prior high...
as Low Sulphur Gasoline follows Heating Oil
in the past those inside bar days next to outside bar days triggered a trend changes.
due to the lower risk i like to go long above an insideday bar with the stop below the prior days low.
Lets see how long this uptrend will last
there is always the chance for a drop down below the 50% level and the trend is still going upwards...
now taking profits from my short trades that triggered new the low an prior inside range day
taking profits now at the 50% level and then at the 0.618 pullback level on silver.
CME_MINI:NQ1! with the same inside range short setup, now has new lows, taking some profits here and trailing the rest with a 2 days high trailing stop....
We are at a breaking point: either we accept CBDC because the inflation is too high, but a digital currency that goes up and down 100% is not the solution.
My solution to equally spread wealth would be a currency that has less value the more you have :-) if you have already a fully paid house for you and your kids, no need to have a second home. Is this...
It really sad that trading views marktscanner can not alert users if a market simply closed higher than the prior days low.
So i have to go trough major symbols and check if new long trades are possible
Anyway i will trail my stoploss below prior days low…
most setups these days are short setups:
indices can shorted with the sell prior high (as we are still below 18 sma on the daily charts) or the percentR overbought indicator
So exits are either on monday morning (like on the last 5 weeks)
or simply a trailing stop at prior days high
now the 1.61 target is reached,
looking for a correction till we reach the
but taking every 5 min opening breakout for re-entries long...
also the breaking of tripple tops on 5 min chart suggest a trend continuation...
Just wanted to share my backtests on Nasdaq reversal signals with you:
Going long at the high of an outsidebar day was profitable on nasdaq in the past
now securing profits with a 1 day low trailing stop