US Wall St 30
Hello dear traders!
This is an updated analysis of Dow Jones. Please note that since you may not have enough information about smart money and liquidity, let me put it simply for you: Whenever this trend line breaks, you can set the stop loss above this trend line and determine your target based on your strategy.
A scalper trader utilizes positions and always has a fixed risk to maintain a consistent outcome, and should never use unreasonable risk because the market is continuously changing. What matters is that we are winning.
Yesterday, I was waiting for the price to reach the Secret Order Block zone, but when my trade entered a good profit, I closed it and didn't feel the need to hold the trade until the very end. So, this is the cleverness of a trader in how to use analysis to their advantage. The previous zone seemed to be ineffective for a significant drop, so I have replaced this updated analysis with the previous one.
Key Points
Resistance (1.H): 77943
Secret Order Block: 44994
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
This is an updated analysis of Dow Jones. Please note that since you may not have enough information about smart money and liquidity, let me put it simply for you: Whenever this trend line breaks, you can set the stop loss above this trend line and determine your target based on your strategy.
A scalper trader utilizes positions and always has a fixed risk to maintain a consistent outcome, and should never use unreasonable risk because the market is continuously changing. What matters is that we are winning.
Yesterday, I was waiting for the price to reach the Secret Order Block zone, but when my trade entered a good profit, I closed it and didn't feel the need to hold the trade until the very end. So, this is the cleverness of a trader in how to use analysis to their advantage. The previous zone seemed to be ineffective for a significant drop, so I have replaced this updated analysis with the previous one.
Key Points
Resistance (1.H): 77943
Secret Order Block: 44994
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
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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.
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.