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Selling 34 Low
what is this pattern & probability%
comments/opinions from successful traders welcome
Maybe you should first state your stop loss and minimum profit target for the experienced traders to comment.
Short 1 tick below 34. Stoploss 1 tick above 34.
Profits= move stop to breakeven asap, then trail stop above last major lower high until climactic/parabolic/exhaustive PA or credible opposition.
MTR needs trendline break, then trend resumption challenging 92 high, correct?
If so, then what is this pattern 92-96, L1 'breakout pullback' ? Any idea on probability or wait for MTR ? thanks
Limit Order Market , but wedge 14-28 + HL DB 2 @yesterdays Low.
Stop order buy above 29 ? Probability % ?
Limit Order Market , but wedge 14-28 + HL DB 2 @yesterdays Low.
Stop order buy above 29 ? Probability % ?
I think video 30E answers this.
Assume 40%-60% probability for all trades except breakouts. Thanks
Does he have any info on entering with stop orders in a Limit order market. I'm seeing those as no trade zones.
2 setups>
*Buy above 65 (or 67 not shown) H2@EMA
*Buy above 92 Wedge@EMA
However,
Strong Magnet below 99%+ of days have 3 lows / one close below EMA.
and Climactic/Exhaustive PA.
why take these trades
also, bar 66 on 3min chart = bar 40 on 5min chart, so often Mid-day reversal near this time
