The Winning Formula..
Hey Traders,
You'll have seen on my prev editors pick we looked to short USDJPY.
It tumbled enormously. But, as we predicted it comes back up for RE entries on shorts. Where you re enter short is incredibly important; too early and you will lose money, too late and you will lose money. The sweet spot comes when you trade 'factual price' levels and what is real to you and me. Within this is following the natural flow of a market.
That means, when you rebound up on longside trades you are looking to rebound down on short side trades. But these short side trades are not one trade, they are a series of trades following the new trending market, as you can see we have here. Entry 1 gives you gain 1,entry 2 gives you gain 2. This can be followed until ultimately you reach key PA levels for longs.
That's because your bias must change once the validity of the market direction is no more. In other words, the low price is too low to short.
Trade with a plan.
You'll have seen on my prev editors pick we looked to short USDJPY.
It tumbled enormously. But, as we predicted it comes back up for RE entries on shorts. Where you re enter short is incredibly important; too early and you will lose money, too late and you will lose money. The sweet spot comes when you trade 'factual price' levels and what is real to you and me. Within this is following the natural flow of a market.
That means, when you rebound up on longside trades you are looking to rebound down on short side trades. But these short side trades are not one trade, they are a series of trades following the new trending market, as you can see we have here. Entry 1 gives you gain 1,entry 2 gives you gain 2. This can be followed until ultimately you reach key PA levels for longs.
That's because your bias must change once the validity of the market direction is no more. In other words, the low price is too low to short.
Trade with a plan.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.