Emotional dumping.
People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever.
I think it could end soon.
Max target almost 3% up which is 3 ATR
Max stop loss 1 ATR down
But I aim to get out in the next 24 hours.
These are just the "max" in case something goes really wrong.
(After this strong selling I expect a strong bounce)
** Important to use small size here XD Risky.
People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever.
I think it could end soon.
Max target almost 3% up which is 3 ATR
Max stop loss 1 ATR down
But I aim to get out in the next 24 hours.
These are just the "max" in case something goes really wrong.
(After this strong selling I expect a strong bounce)
** Important to use small size here XD Risky.
Trade active
Note
Is that falling knife ever going to stop?I'll double up my size when we are 2/3 of the way toward SL in that support area, juicy RR then and tighter stop so it's ok to be a lil bigger then don't need to go small anymore.
Note
Here's your violent surge/bounce.I was sure this would happened, could smell it.
What I do not know is how far it will go so sit tight.
As long as we make a higher low
Note
Since we failed to close the daily above trendline I do not want to overstay my welcome.I will aim for a retest as resistance, and also stay in as long as we stay in a uptrend on the 5 minute chart (using the blue line as a reference).
Note
Getting close to that SLTrade closed: stop reached
No idea where it goes next. I am out.Note
Still going to follow this out of curiosity. I don't have big bullish plans for this.I think I am going to focus more on swing trading (3 days to 2 weeks) from now on.
I don't like the week being over thursday midday for me (I often hold for 1 whole day / overnight, don't want to hold over a weekend or have to cut early lol).
I will post more trade ideas, helps me keep track and flex, and less troll ideas.
Maybe some educational too as I learn new stuff.
Probably still going to have a few troll ones thought, some people are impossible not to play with :)
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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.