You are viewing a single comment's thread from:
RE: How Would You Trade This Chart?
I would not trade it until the equilibrium pattern breaks. Bear break is an oversold bounce opportunity. On a bull break one could stop buy in or place a market order. Most important rule.....always set a stop loss on trades!
I am bad for not using a stop loss, but really good at closing trades that have not proven me correct. As for this chart, I have a 10x leverage position a little bit in the profit, and awaiting to see if the market moves for me or against me. I am betting on this chart being the moment of the trend change - and keen to see how it plays out as well.
What are you trading? What's the ticker? You have me interested now;-) Good luck!
I have to reveal - this chart is upside down. And it is the weekly bars over the past few years of prices for... SILVER! I am trading world markets on 1broker - rather than just trading alts to grow my bitcoin.