H&S 1hr chart?
What I am looking at- added some shorts here and closed some longs
Having 99% winrate doesnt mean much if your 1% of losers have a relatively high probability of wiping your account.
Actually reversed to short on a signal I got on the 1m chart, slightly short now instead.
Nice bounce there on the 23.6 retrace. I closed some losing short positions today just in case, slightly long.
Im slightly short right now but got in much too early, going to watch and see if we get some sort of pullback and try to dump some losing short...
Dont really like entering heavily unless there has been a pullback.
Was wrong, we haven't had 7 straight up days in a row since 2nd of january this year.
7 up days in a row seems unlikely. We need that retrace to 2680.
I don't really use volume myself but decreasing volume could also mean that it's returning to the slow grind up.
This is what I want to see too before I go net long.
Now we have broken above no matter how you draw that TL. I need to see a retracement and bounce on the TL before I go net long however. Still flat.
My thoughts exactly, it's a huge measured move on this wedge.
Next we either breakout to the upside or it's a fakeout and crash down. Anything...
Pushing up above that TL, fakeout or ..? Took some shorts off just in case, still slightly net short.
I'm thinking 2620.
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