Us100 short on 2Sept using only 1 indicator BandofMidas CAPITALCOM:US100
1. CLEAR all drawings and indicators.
2. Back to basic ( draw some lines, fibo, chart pattern, simple support and resistance level etc )
3. Go to indicators > invite only script > BandofMidas
4. Observe the if the price fall in Midas zone and reverse.
5. Enter the trade if the price level is at critical support resistance level. Double confirmation is great enough.
6. Plan your trading plan, strategy, risk reward ratios.
7. Consider to breakeven if price doesn't move accordingly, to take profit at opposite Midas zone or follow the trend reversal line to change color.
8. ALWAYS plan your trades before you enter, BandofMidas is a great helping tool but it won't be absolutely accurate.
Good luck to all the traders here.
Tradingfutures
My today's view on SP500 futureHi Traders,
This is my view for today on ES
Strong bearish impulse started from 4080 level let me think price will retest 4060 level which is 75%… This is the micro structure.
The higher one’s had been broken at 4026. Fair Value Gap ate 3955 which is today’s target. We’re ranging, No short below 3920, no longs above 4100.
Pit, Trading Kitchen
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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