Mean Reversion Around 00's Short Down to 750
I am short at 45,042 after the close of a fat green bar. My bias is down and so I sell into bull bars.
Price is currently mean reverting around 45,000 with the peak formation high above 250. I am looking for price to go down to the next level at 750.
I am using a 100 tick stop and a 265 tick target
Price is currently mean reverting around 45,000 with the peak formation high above 250. I am looking for price to go down to the next level at 750.
I am using a 100 tick stop and a 265 tick target
Note
Zero follow through with the biggest bull bar. I sold into the close of this bar. Trade closed manually
I ended up closing it for roughly 50 ticks. Basically a break even trade. I gave it enough time and only had roughly 20 minutes left in the day. It did not go anywhere and so, I cut it. My best trades go into profit from the start. Unfortunate but better than losing money. 
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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.