I expect the downtrend for this currency to continue, I don’t know exactly when the price will start to decline, so I enter the sale when the price returns to the price level marked on the chart. It is possible that I will move the sale entry to a higher price level. What is your trading style?
interestingly, most of the people I blocked are newbies. Perhaps there should be a feature for us to auto-block all newbies. Then we manually unblock it.
Sorry if this has already been covered, but considering that you're using the hourly chart, what's your holding period? Is it open-ended until one or the other is hit?
You need to look at the bigger picture first. BABA started to go down in Nov 2020 (due to some Chinese regulations things). BABA peak was 318. now it is at 102. from Nov 2020 to now, there were many many opportunities to short it. Now it is not a good idea to short it. Timing is very important.
Pay him no mind Nady, do your thing. If I'm not mistaken it was you, maxinger, who said the same thing "You need to look at the bigger picture first" about this call linked below when it was posted on ET. I responded at that time with a longer post that said "not neccessarily" and gave the support for my position on that. Lo and behold, winner winner chicken dinner. Maxinger, did you get a chance to see those results? Never did see you say good show, lol. Maxinger, can you direct us to some of your successful trades with background? You been at this a while and it would be worth a look. Double Top Measured Move https://www.elitetrader.com/et/threads/charts-for-no-reason.344272/page-23#post-5589583