SNX, How scalp the Breakouts Again!
o snx has been pumping yes and we already know how to do trendlines, so lets look a this. the marke maker broke the trendline, retested it TWICE and the he pulled the market to resistance, without breaking it., However when support holds. we will test resistance so we know we will test 3.24
However your liquidation price must be underneath the convergence of trendline and price action support. All trades do not start in profit, position size is important, more often that not u were liquidated because of position size.
So u will see if u are trading on a computer and click the play button, entry points based on that very trendline when we retrace or a break and retest of trendline for the short. Trading is very easy, Position size is hard
However your liquidation price must be underneath the convergence of trendline and price action support. All trades do not start in profit, position size is important, more often that not u were liquidated because of position size.
So u will see if u are trading on a computer and click the play button, entry points based on that very trendline when we retrace or a break and retest of trendline for the short. Trading is very easy, Position size is hard