On that last rally up, draw a trend line from the bottom to the zone/resistance. If it breaks that new trend line, wait for a retest and if it fails at the resistance zone, look for sells.
Ismael said:
On that last rally up, draw a trend line from the bottom to the zone/resistance. If it breaks that new trend line, wait for a retest and if it fails at the resistance zone, look for sells.
Exactly how I thought.
Ismael said:
On that last rally up, draw a trend line from the bottom to the zone/resistance. If it breaks that new trend line, wait for a retest and if it fails at the resistance zone, look for sells.
It’s kinda a mechanical view of BOS (break of structure) and internal BOSes allow me to trade between rally ups and downs.
Ismael said:
@Dex
Oo do you work for a firm?
Getting myself ready for that day.
Lovely! Are you a full-time trader?
Dex said:
Ismael said:
@Dex
Oo do you work for a firm?
Getting myself ready for that day.
Lovely! Are you a full-time trader?
What do you mean by full time? I only trade the NYC session and it takes 3 hours. I try to learn and study new things and be up to date.