Xmas revesrsion to the mean

For trading view
Setup: Reversion to the mean
Trade rating: 3.5
Reward: risk: 1:1
Market conditions: low liquidity for the holidays great for this setup

Note

I was in rush when I posted this, so just some extra detail. I am betting on the Xmas optimism as well as the idea that we probably wont get a lot of volatility due to the holidays. I also suspect that some shorts may cover not wanting risk over the period from xmas to new year. so those are my thoughts behind the trade. just a simple reversion to the mean because I feel that the market conditions are perfect for this setup

Trade closed manually

I exited at about break even when it started to turn. Just missed our target. A little bit unlucky on this one

Kyle_Campbell

Also on:

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.

Kyle_Campbell

Also on: