Slowly, very slowly, I'm transitioning from trading based on waves to trading waves through the filter of key levels and trend-moving averages.
Levels make me see scenarios that I used to ignore before.
Also, very slowly, I'm letting go of the habit of holding positions for too long.
Key levels for the next week are as follows:
Colored levels are a given. They act as magnets but also confirm the direction if the price continues pushing downward from the moving averages.
They will serve as confirmation of a trend reversal if the price breaks upward, retraces, and bounces off the levels and moving averages.
Such a filter + rules and avoiding tilt will ensure a return to profitable trading.
Levels make me see scenarios that I used to ignore before.
Also, very slowly, I'm letting go of the habit of holding positions for too long.
Key levels for the next week are as follows:
Colored levels are a given. They act as magnets but also confirm the direction if the price continues pushing downward from the moving averages.
They will serve as confirmation of a trend reversal if the price breaks upward, retraces, and bounces off the levels and moving averages.
Such a filter + rules and avoiding tilt will ensure a return to profitable trading.
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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.