Halloween is over, but the stop loss grim reaper is here!..
Hey Traders,
The recent harsh push to all time highs came about as we saw renewed global tensions, which are becoming ubiquitous in current times.
Rash fear buying came about and prices rose above previous highs. This is why I mentioned so many times last week to DROP YOUR SIZE.
Highs can be broken. Although they are areas in which can note short entries, you need to be able to have enough 'ammo' to short again should you rise higher.
Here's my full breakdown.
The recent harsh push to all time highs came about as we saw renewed global tensions, which are becoming ubiquitous in current times.
Rash fear buying came about and prices rose above previous highs. This is why I mentioned so many times last week to DROP YOUR SIZE.
Highs can be broken. Although they are areas in which can note short entries, you need to be able to have enough 'ammo' to short again should you rise higher.
Here's my full breakdown.
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No new entries until significant movement or deviation.
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IF not already, use Long area (early support for light entries) of 2051.
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Light longs applicable.
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New new semi longs until a little lower (see higher TF support)
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still holding off new longs, price still high overall (long term view)
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Exit longs taken lower^
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Awaiting NFP. no new entries.
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Ideal long entry on impulse and early rejection of price.
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Maintaining long entries.
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Still long into this week at early support.
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No new longs until much lower (previous PA)
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Maintaining longs taken nearer 2000$
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Still holding ^ be around for FED.
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How longs back into gains.
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Hold* Exit for gains.
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Minor shorts higher up.
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Further shorts.
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Exit for gains pre weekend.
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returning to light short areas.
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And looking short.
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Re shorts.
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Holding shorts longer term.
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option of exiting some now, shorting again higher.
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Focusing on higher resistance for re entries. No longs until Risk Averse W support lower.
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Re shorts.
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out for gains, looking long.
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Exit all for gains, looking short on rejection.
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Exit shorts for gains, looking long.
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Exit longs for gains.
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Re shorts applicable, key levels at higher TF's hit.
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Exit for gains. Re longs much lower Pre 2000s.
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Light re shorts OK.
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Further entries (also light) circa 2058
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Exit shorts for gains. Looking long circa 1976
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Free Discord Secret Server:
bit.ly/bpadicsord
Daily Mentoring On Zoom:
bit.ly/prottm
Posts Not financial advice.