an educational representation of "pulling the trigger"
This is an example of trading ltf of a htf level. We can try and fail more than once, but the idea is keeping loses minimal when we're wrong, keeping our position on the right side, defining clear rules for pulling the trigger and let it flow on the right time.
1) the level is broken, first try. short from 24775. and the stop is 1hr close above the level. a few bars later, invalidated. stay aside.
2) a mini HH. not enough for a long, but watch for the reaction when we come back to our level.
3) broke once again and closed below the former dip. so we can change our bias and trigger the second try with 4, short from a retest of our level.
4) pull the trigger, and our stop is the latest swing high.
1) the level is broken, first try. short from 24775. and the stop is 1hr close above the level. a few bars later, invalidated. stay aside.
2) a mini HH. not enough for a long, but watch for the reaction when we come back to our level.
3) broke once again and closed below the former dip. so we can change our bias and trigger the second try with 4, short from a retest of our level.
4) pull the trigger, and our stop is the latest swing high.