game plan: Same as before Wait for price to re-test the lows for 5mtbr long Wait for price to re-test the MP for 5mtbr short Other than that all the rest is useless for me.
Tomorek, Price is having serious problems rising. After this steep drop it's finding it difficult so far to even show enough strength to get to the mid of the drop where you are planning a short. Do you have a plan to take advantage of price in case it doesn't even get to the mid and starts to fail? As an example are you keeping a DL of this rise and it's break and Ret could lead you into a short whenever and where ever it shows up instead of only at the Mid and S/R? Gringo
saw this too late, but check my hindsight post that will follow, i did consider taking a short prior to MP (the small TR lows was on my mind) took it and bailed once supply dried out and to elaborate on your question, at the stage i'm at i'm focusing (execution) only on 5mtbr's (counter), i do keep notes and track behaviour and i plan on expanding my trading into a wider set of if - then... scenario's currently i really enjoy the focus on one play. Tomer.
When drilling down it is clear that a Trading range is in play It held above the MP for a couple of days just to take out all buyers in once day Price ranged above the MP for a while and now shows signs of ranging below the MP
game plan: Wait for a retest of the MP for a 5mtbr short (PHOD will also serve me well) If we reach TR highs look for 5mtbr short Wait for TR lows for 5mtbr long(LOD will also serve me well)
Price consolidates , the MP response (supply) occurred but demand were found below, this created a consolidation I should avoid. Overall picture (60m) holds a nice DL but the MP above still holds.