Long

planning an entry, plan to fail & fail to plan

Updated

it is already too easy to lost money without gambling, If we fail to plan and fomo buy we can hit a trade, but eventually losses will stack up.

Here we will be working on planning an entry to take advantage of the 5th wave extension and also plan our exit

As it stands , 62k on sundays close will be our current target but lets do some Ta and figure out our exits and tolerances

Comment

Comment

need to either pass the ma bands and support on those or we will make impulsive upside coming back on B for support it maybe prudent to continue to watch , set alerts and we will examin ta again before entry

Comment

we appear to be entering the zone that we are looking for a position for long. We will watch for support on MA's or channels to try and get the best position to take advantage of what could be the 5th Leg of our classic corrective impulse wave

Comment

divergence on 1 hour, but we will look for a clear sign that signals a turn in price

Comment

i know thats messy , I have alot of alerts on trend lines a MA's

Comment

10 mins until 4hr close, we will watch this candle for confirmation of support and grab our position, we may have to scalp and close if we cannot achieve a higher high on the macro trend

Comment

if you are following this, I am not grabbing my full position, I would rather grab 10 small positions than a single large as it makes losses on swings easier to absorb

Comment

looking for a position on 1 hour

Comment

tight stops, small positions, we will scalp while we jockey to take advantage of the movement

Comment

While the Getting is Good Get positioned for 5th leg

Comment

dasBoot

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.