ALRS 5M Conservative CounterTrend DayTrade
Conservative CounterTrend Trade
- long impulse
+ 1/2 correction
- SOS level
+ support level
+ volumed 2Sp+
Calculated affordable stop limit
1 to 2 R/R take profit slightly above 1 H range
Transferrable to Swing after closes test and resumes buying on 1H
Transferrable to Investment trade after ends test and resumes buying on 1D
1H CounterTrend
"- short impulse
+ 1/2 correction
- unvolumed T1
+ support level
- volumed 2Sp-
+ test"
Daily CounterTrend
"- short impulse
+ volumed T1
+ support level
+ biggest volume Sp
+ weak test"
Monthly CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed Sp
+ test"
Yearly trend
"+ long impulse
+ 1/2 correction
+ T2 level
+ support level
+ manipulation"
- long impulse
+ 1/2 correction
- SOS level
+ support level
+ volumed 2Sp+
Calculated affordable stop limit
1 to 2 R/R take profit slightly above 1 H range
Transferrable to Swing after closes test and resumes buying on 1H
Transferrable to Investment trade after ends test and resumes buying on 1D
1H CounterTrend
"- short impulse
+ 1/2 correction
- unvolumed T1
+ support level
- volumed 2Sp-
+ test"
Daily CounterTrend
"- short impulse
+ volumed T1
+ support level
+ biggest volume Sp
+ weak test"
Monthly CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed Sp
+ test"
Yearly trend
"+ long impulse
+ 1/2 correction
+ T2 level
+ support level
+ manipulation"
Trade active
Moves take profit to R47.79 since it didn't go my direction.
Will look for re-entry after 1H / daily test end.
Trade closed manually
Broke even at R47,79
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.