...ascending triangle not in uptrend ...... RSI and MACD neg divergence.... ... normally would be upside break in an uptrend.... ....since downtrend....POSSIBLE downside break.... .... to continue to new lows.... strategy would be to short at 1484 and cover on upside break.....
Very seriously, I like your approach, but where would your initial stop be set, if I may ask? Have a good day.
...maybe stop would be 85,86 for initial shorts .... ...then more shorts would be entered upon downside break of triangle..... .... extra shorts would be covered upon reentry of triangle formation.... ...just scenario playing ....seems like SO much manipulation happening.... have to watch volume closely
volente is always there, doing what is required to learn this business.....huges sacrifices, that is why he will succeed.... ..when does he sleep?
I think the initial stop of 1 or 2 is most excellent with that entry point. To succeed with intial stops being tight one must have a high accuracy system. I worked for a man with huge accounts, money made elsewhere. His ES stops were default 10....No problem if the system is very highly correct...his was not, so the 10 "insurance stops" combined with exclusively trading a breakout system took some of his money that most couldn't tolerate. Developing a system that will take you where you wish to be is not an overnight endeavor. Thanks. Have a great day.