Looking back into August we hit walls at these levels multiple times.
Even if you were stopped out below the boxes and came back into the trade, you should have a 20% roe or more from directionally trading said range.
The green is a trend initially starting on June 28th - the current price drop has respected and bounced from here at the moment.
I don't like that trades r/r at the moment as we run into resistance at about 6600 through 6800. You know I'll hedge between those levels.
Currently I'm looking for an entry at the low of the grey box (roughly 6150) and building on position size as it drops. The OBV is rising and while I appreciate that an indicator is encouraging buying I believe the only safe area for a stop loss is > 5750 so I'm sizing positions accordingly.
I'd also hope to see divergence on the daily RSI before an entry.
Where are my faults? What can I improve on? What are your opinions? I would love to develop from constructive criticism.
Even if you were stopped out below the boxes and came back into the trade, you should have a 20% roe or more from directionally trading said range.
The green is a trend initially starting on June 28th - the current price drop has respected and bounced from here at the moment.
I don't like that trades r/r at the moment as we run into resistance at about 6600 through 6800. You know I'll hedge between those levels.
Currently I'm looking for an entry at the low of the grey box (roughly 6150) and building on position size as it drops. The OBV is rising and while I appreciate that an indicator is encouraging buying I believe the only safe area for a stop loss is > 5750 so I'm sizing positions accordingly.
I'd also hope to see divergence on the daily RSI before an entry.
Where are my faults? What can I improve on? What are your opinions? I would love to develop from constructive criticism.