Hello traders, I have prepared a second analysis from the point of view of a longer horizon, if the price goes below the marked dark orange zone (previous post), I will want to sell in the short term to these green zones and I will want to buy again in the long term, if I get the right signal.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
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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.
Related publications
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.