Skip to main content

TLDR of updates

Will be exiting most of my shorts into the next bear breakouts. I think the moves down are important ones and may set up larger falls but we're very extended in these current falls and I think we're due to see some sort of bullish moves if we see most fast bear breakouts. We're heading into big support levels soon over various assets.

A clean break of these big levels would be uncommon. Typically if we're heading lower we'll see some sort of bear market rally and then the trade will come.

Current plans:

Exit shorts into the next break lows and stop losses are all trailed to exit if there are rallies

Wait and see how prices react to the major supports

If big break of these plan for retest/continuation trades

If supports look good pick up long trades in double bottom types of moves



via reddit https://ift.tt/3HWfC1L

Comments

Popular posts from this blog

Things to know about Forex

We're going to start posting more about Forex setups and opportunities. The Forex (FX) market is not well understood by all, so here's some important things to note if considering FX trades/strategies. ​ The Forex market is a trader's market Forex markets are not easy, but they can be worth it. The FX markets are by far the largest of the available markets to trade. Usually here people quote how many trillion a day is turned over in the FX markets but I've not looked it up recently and it really does not matter - the real underlying benefit of the size of the Forex markets is the spreads (Fees) are very low and it's easy to trade large positions. A negative laid against the FX markets is there's a history of banks being fined for manipulating them. My viewpoint on this has always been if there's manipulation there's design. Where there's design, there's opportunity if one can work out enough about the design to create some betting edges. Fo...

Bear have more of a case here (But only with a small area of risk).

We’ve not seen anything notable bearish of late but we are now getting back into the sort of zone where we’d be likely to see bears if it is indeed the case we’re in a shallow bull trap on a weekly/monthly chart. Bears have not yet broken (And they might not) - but this is a time to be aware of the risks and where there’s again reasonable odds betting on a big bear move. Real further analysis and actionable break levels here. Bear break contingency plans - by HoleyProfit (substack.com) ​ TLDR: Short 4160. Stop 4179. Trail stops on longs to protect profits. via reddit https://ift.tt/zL2huGX