US100 There's also a little detail in the volume profile for those who study it: Look at how there was a bullish zone (white) at the top of the range, then a huge bearish candle...
Look at how the wick tapped that bullish volume and then tanked. That's what happens when bulls take the opportunity to close at/near break even. That's what they call a "Mitigation" signature 💎
Wish I had my stochastic on here as the 4H was topped out. This is usually an indication of an impending fib retracement to correct all imbalances above the golden zone.
There was not a good entry on higher time frames really, no sweep of highs with consequent rejection. This tells me that the rally back to the high should be strong from the golden zone/OTE
USTEC what I can say now If the current 4h candle high at 22860 will remain the same then that will mean that the market maker will set his sell order so soon
If the current 4h candle high will be above 22860 then that will mean to me that he is not ready yet and then I will see what he thinks of when I wake up at the morning
US100 this is the part of the flintstones movie where the casino owner turns on the “lose” switch and Fred who is still high on the euphoric winning streak goes on to lose everything.
USTEC hi guys, I opened my swing short trade on 07.07 with one condition to close it if you remember That any day candle to close above 22850 or maximum 22900 You see how many days passed from that date till today!? Yes one day candle in all these days closed at 22857 (but in trading we can not seek 100% perfection but we try our best only and there will be a room for those few points plus or minus)
The market makers did all they could do and test my patience to the edge honestly! And I controlled my emotions and sticked to my analysis with discipline!
Not saying so to show off (I swear not) Just to say so to give you example of a true swing trade with one condition to close it so as long that condition did not happen, so the swing trader must stay patient regardless how much it goes against the trade!
It went even higher than 23050 and then went back the whole way and closed below my set condition price (below 22850)
It is another advantage of not using any indicator by the way too! This advantage which saved me from not losing any thing but winning!
It is the beauty of trading!
By the end, a new trading day is ahead of us now and either the above wick will be filled and a day candle to close above my prices so I will lose the trade (but still on a minimum loss) Or a push to the down side to the targets of the swing trade then I would pick up my well deserved profit
Of course in the journey, you would find voices against you, just ignore them and stick to what you see right as we live with the descent ones and the rude ones! Save your time to the descent better))