UNIT
Hey, everybody.
I have decided to share with you how I personally describe the scenarios for each of the securities that I am going to trade.
I think somebody might be interested.
Here we go:
1. Global trend: Short
2. Local trend D1: Long (I'm sure some people will have questions in this direction)
3. Probable scenario: Short.
4. Conditions:
- stock in its historical lows
- The level is formed by stopping a strong short movement, after which there was a rollback, however, the paper was not allowed up, which shows a strong seller.
- On April 07 we observed a long-time retest of the level with a false breakout. SL was triggered, as was the case, but the paper was not allowed up.
- Three days ago, a close-time retest. The paper cannot break through the level, but it does not go up. Obviously, a large seller is gaining position.
- Then there's a rollback for dialing the position.
- Close retest again.
- On a daily chart we can see e a series of retests and a strong squeeze to the level, which enhances the model.
Strong script in the shorts.
Entry model: breakout.
SL: tech for a punched bar.
TP: mathematical, according to the calculations, minimum 3.1\1
Since the model is breakthrough with a strong accumulation, I enter at the opening of trading.
If there is a gap, it enters after repeated analysis and saves the short signal.
Trade closed: target reached
Comment:
friends, the idea has worked, which once again proves that you do not need indicators for professional trading, but rather an understanding of how a large player works. All you need to do is find and adjust to him, i.e. not to stand with the whole crowd, but place the same orders that he places)