Patterns
How to trade S/R zones & How to manage positions🙋♂️ Hello Community!
This idea is about "How to trade S/R levels" and "How to manage positions"
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By S/R levels I mean every S/R level you need. They can be Price Action levels, Market Profile S/R levels, Bollinger, MACD, RSI etc. S/R levels work only if you manage your positions properly. If S/R level works meaning the market reacts you should let your positions run. If the market doesn’t react to the S/R level as expected, you should exit the position at a logical zone or break even. The support levels sometimes change from support to resistance or vice versa. In this case you should enter the opposite position when the price touches the level from the other side.
Hope it helps! Like and comment below!
Daily Wisdom 21 - Indicators gauge your feelingsLook at things from a different perspective. Maybe then you will find what you're looking for.
GBP/JPY - Long term buys ideaI explained It all on the charts no need for caption haha . If u have questions leave them on the comment section :)
Daily Wisdom 19 - You are how you trade"Fear is a sickness. It will crawl into the soul of anyone who engages it. It has tainted your peace already. I did not raise you to see you live with fear. Strike it from your heart." - Apocalypto
Daily Wisdom 16 - Track what mattersDaily behaviors leads to results. Too many focus on the results while lacking daily behaviors. No wonder they fail.
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find support soon (maybe by the end of the week).
Good luck traders! Many blessings to you all.
Daily Wisdom 13 - Such is the marketO Captain! my Captain! our fearful trip is done,
The ship has weather’d every rack, the prize we sought is won,
The port is near, the bells I hear, the people all exulting,
While follow eyes the steady keel, the vessel grim and daring;
But O heart! heart! heart!
O the bleeding drops of red,
Where on the deck my Captain lies,
Fallen cold and dead.
