Here we can see price in context of a Fork & A/R set.
I really don't like to go long here, because my stomache is crunching when i go long here...
But it's not about my stomache, or my feelings, or my big toe's nail.
It's all about numbers = statistics, risk, reward, occurences etc...
And most of all, i know price is reaching the centerline over 80% of time.
Soooo....if i really want to follow a profitable longterm trading startegy, i HAVE to take this trade, and i took it, even my big toe's nail's now broken §8-)
P!
Learn To Earn with Action/Reaction (free4you): mytradingcoach.teachable.com/
I really don't like to go long here, because my stomache is crunching when i go long here...
But it's not about my stomache, or my feelings, or my big toe's nail.
It's all about numbers = statistics, risk, reward, occurences etc...
And most of all, i know price is reaching the centerline over 80% of time.
Soooo....if i really want to follow a profitable longterm trading startegy, i HAVE to take this trade, and i took it, even my big toe's nail's now broken §8-)
P!
Learn To Earn with Action/Reaction (free4you): mytradingcoach.teachable.com/
Note
...riding smoothly on a camel §8-)Nothing to do...
Note
One day more - One high more...boring §8-)Note
We know that such sharp moves are not sustainable for long.Where is potential support?
Here is my guess:
Why do i think price has potential to hold there?
...it's allways comming back to the scene of the crime, as my mentor allways said ;-)
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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.