Nice example... have a look at 9980...bought 2 times, - now it turned into a resistance!
here i commented following :
8 hours ago f
9980 seems to be a reliable supportzone at the moment..but i exspect we break through it
8 hours ago
the risk loving trader is buying that support @ 9980 for a scalp - i am just interested in the breakout move below the support...trying to catch a few dax points...
7 hours ago
that was a nice scalp - dax reached the bottom edge of the illustrated shortterm trend...more than 30 points for 2. breakfast are good :-9 i feel comfortable with catching the breakouts directly....i open half of the position directly with the breakout, and then i wait for a possible rosshook like you have illustrated it o double the position size. if you always wait for a retest it could happen, that you will miss the bus - and thats nasty when your idea is right, but you get not filled... :-)
7 hours ago
...the rsi also signs a oversold situation, a retest of 9970-9980 could come now
3 hours ago
reached max. tp H&S ...
an hour ago
The RSI told the truth again..
here i commented following :
9980 seems to be a reliable supportzone at the moment..but i exspect we break through it
8 hours ago
the risk loving trader is buying that support @ 9980 for a scalp - i am just interested in the breakout move below the support...trying to catch a few dax points...
that was a nice scalp - dax reached the bottom edge of the illustrated shortterm trend...more than 30 points for 2. breakfast are good :-9 i feel comfortable with catching the breakouts directly....i open half of the position directly with the breakout, and then i wait for a possible rosshook like you have illustrated it o double the position size. if you always wait for a retest it could happen, that you will miss the bus - and thats nasty when your idea is right, but you get not filled... :-)
...the rsi also signs a oversold situation, a retest of 9970-9980 could come now
reached max. tp H&S ...
The RSI told the truth again..