I'm thinking about entering a long position.
For a few reasons:
- Trading range and low in it so limited downside for bears
- Big sell climax bar, so bad short below.
- Strong buying pressure to the left, so likely buyers below protecting my stop
Downsides:
- Follow-through bar next week could run stop in one go - sad face - I'm thinking entering half a position and then adding more above bull bars - expecting Wed / Thursday big bull bar as bears give up.
Management
- Half R position initially
- Add on below a weak sell signal
- Full position on before leaving the bottom third of the trading range
- Go for 2:1, exit on a big bull bar higher up
Hold for dear life :)
Let me know what you think.
Jump on board or fade me!
For a few reasons:
- Trading range and low in it so limited downside for bears
- Big sell climax bar, so bad short below.
- Strong buying pressure to the left, so likely buyers below protecting my stop
Downsides:
- Follow-through bar next week could run stop in one go - sad face - I'm thinking entering half a position and then adding more above bull bars - expecting Wed / Thursday big bull bar as bears give up.
Management
- Half R position initially
- Add on below a weak sell signal
- Full position on before leaving the bottom third of the trading range
- Go for 2:1, exit on a big bull bar higher up
Hold for dear life :)
Let me know what you think.
Jump on board or fade me!
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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.
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.