NEAR had a great run but it is coming into W resistance with a D rising wedge !
DISTRO is my system of spotting Distribution. CUMULATE my system for spotting accumulation .BUT also a clear backtested system on how to trade it !
So many "trading educators" just show you how to do technical analysis and most of them aren´t even good analysts. But very few of them really explain how to establish a position, how to calculate risk depending on the environment and how to automate your trades .
I teach this in my Masterclasses. Its a good way to trade as you have clearly defined risk levels for your stops.
In this case we have a 4h Fakeout at the backside of this 4h structure . I look for those after rising wedges.
Its most likely that some bigger players are taking out a few retail stops for liquidity , to establish a short position!
We could call that a small Bulltrap.
Remember we know nothing about the Markets! we can only assume what is
happening , by observing PRICE like footprints of an animal we are hunting in the snow !
Every day we look for footprints in Price and then patiently attack . Often we go home hungry, But sometimes all that waiting and observing and tracking pays off big time and we have food to last us many years!
You must be HARD , CONSISTENT and PATIENT! Self honesty is the most important attribute of a trader. No serious trader plays the VICTIM - EVER !
We take educated guesses and then calculate probabilities.
If we are wrong we have STOPS!
Small Tipp:
Do not believe anyone who "shouts" PREDICTIONS! They are most likely no better at trading than you are! Jessy Livermoore one of the great traders of the early 20th century said :
Tipps are for SUCKERS !
So please learn from him and use my material to learn, but don´t rely on Tipps to trade your hard earned money!
DISTRO is my system of spotting Distribution. CUMULATE my system for spotting accumulation .BUT also a clear backtested system on how to trade it !
So many "trading educators" just show you how to do technical analysis and most of them aren´t even good analysts. But very few of them really explain how to establish a position, how to calculate risk depending on the environment and how to automate your trades .
I teach this in my Masterclasses. Its a good way to trade as you have clearly defined risk levels for your stops.
In this case we have a 4h Fakeout at the backside of this 4h structure . I look for those after rising wedges.
Its most likely that some bigger players are taking out a few retail stops for liquidity , to establish a short position!
We could call that a small Bulltrap.
Remember we know nothing about the Markets! we can only assume what is
happening , by observing PRICE like footprints of an animal we are hunting in the snow !
Every day we look for footprints in Price and then patiently attack . Often we go home hungry, But sometimes all that waiting and observing and tracking pays off big time and we have food to last us many years!
You must be HARD , CONSISTENT and PATIENT! Self honesty is the most important attribute of a trader. No serious trader plays the VICTIM - EVER !
We take educated guesses and then calculate probabilities.
If we are wrong we have STOPS!
Small Tipp:
Do not believe anyone who "shouts" PREDICTIONS! They are most likely no better at trading than you are! Jessy Livermoore one of the great traders of the early 20th century said :
Tipps are for SUCKERS !
So please learn from him and use my material to learn, but don´t rely on Tipps to trade your hard earned money!
Nota
Great follow through 8 percent .gotta love those fakeout top fishes !
Trade chiuso: obiettivo raggiunto
1st target H OS reachd, closed 3/4s
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.