Theres a few "brekers" the lowest being at 12528. The liquidity run gave the go to trade short. Target 1 would be the next nears low. If you want to hang on or take percentages of profits and aim for lower lows would be another strategy. I'm just giving something I see that should be an easY 20 point tick short.
Once it hits the order block there will be a bit of a struggle and I wonder if it will make it lower, but with the bearishness that NAS is having at the moment it will probably break through.
Trade active
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Small profit taken here
Trade active
Another larger profit taken at the "Struggle" 40% of my lots left to distribute. and my S/L is at even
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An interesting tough spot between this price action
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I can't spell Struggle
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Trade closed: stop reached
well 4.4 ticks on 10 % of my lots and 12.4 ticks on 50% of my lots isn't so bad. I was expecting to take another 30% off after around 18 ticks, but it never got there. So I took the remaining 40% of my lots off at about 4 ticks left before it shot up and took me out at even. So I still got my 20 ticks, just not exactly how I hoped. I'd still consider that a win.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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