I took a long scalp/ daytrade I will also DCA into other entries( Not using leverage) and had enough time to chart it. Be sure to adjust the scenario. Firstly I am still a short-term bear (see my previous AXS idea) Macd in bearish territory but believe we may see volume towards the close as we have been lately. The BB is expanding, which is usually associated with a big move to the up/downside, and we seem to have found strong support, which is why im betting on the upside expansion. I am paying attention to HTF to better understand the next moves and establish a range on the 1min chart to take some scalps. I won't be updating much as I will be focusing on my positions. Take profit on the way raise S/L for-profit to avoid any losses. I have already taken profit once.
Best wishes,
HONEYITSGONE!
Best wishes,
HONEYITSGONE!
Comment:
A potential H&S is forming on the 1H TF. Left shoulder, head, and a right shoulder formed. Now need a break below the neckline for confirmation. Note, that we can stop falling @ any point after a break below the neckline.
Took more profit (twice)to avoid a loss if S/L hits, and then look, we will look for a new entry.
Took more profit (twice)to avoid a loss if S/L hits, and then look, we will look for a new entry.
Comment:
We would shave off more profits if we rejected again near $76.80 if possible.
We are also looking to take profit if denied near $77.60 and $79. Then we will consider building a short position again.
Walking away, but keeping alert of price on my phone.
will update entries later.
We are also looking to take profit if denied near $77.60 and $79. Then we will consider building a short position again.
Walking away, but keeping alert of price on my phone.
will update entries later.
Comment:
Stopped @ $77.70 took profit several times was a good play.
I am looking for a Short setup on the LTF. The idea is still valid, but my obligation as a trader is to minimize my risk by profiting. Even if the idea is still valid, KNOW when to call it quits. Then look for a safer/ better entry on the LTF.
I am looking for a Short setup on the LTF. The idea is still valid, but my obligation as a trader is to minimize my risk by profiting. Even if the idea is still valid, KNOW when to call it quits. Then look for a safer/ better entry on the LTF.
Trade closed manually:
I will close this because I stopped for profit. The idea may still be valid, but I am here to make a profit, not to be right. Remember, you don't have to be correct to make a profit.
Rejected @ resistance and volume looking neutral on the LTF which could suggest a move to the downside. HTF still good