Quick weekend update: It's important to know that we are in a premium range with a bullish bias, and I have mentioned countless times that I do not enter swing trades in these low probability levels. So, we have a runner from last month, and we've taken profits, etc. We keep adding scalp positions only as of now. So, we have added some more scalps in and took quick profits, and have 2 more runners for the same trade here, which I shared last week of the current untapped Daily Bullish Orderblock. The trades are cruising alright, and we got all that volume over midweek trading. So, the plan now is to see if the plan starts to go our way. For that, I need to see 64,467 taken out. If that doesn't happen, we go ourselves a week low, meaning we got tricked into a buy trade, and the market maker will take us out with shorts. They play these tricks day in and day out to make billions on the market. So, we as small fish need to be smart, mostly patient, meaning wait for a break first, and then all you need is some sort of bullback and step into the trade with a validated high probability low, which becomes a safe stop for the investment. So, let's be patient and stare at the screen for a few days before we make a new decision to double some cash. Happy weekend!
DANIEL FADELAY
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DANIEL FADELAY
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.