RogerTC
Special Consultant to the FPA
- Messages
- 352
Ok lets try another one.. We wıll SOR 4hr confluence around 10400..
That one is tough !! and less probability .. WHY?
Because macdp is just turning into buy and we are trying to sell.. Market is coming from agreement+ confluence, momentum is against us. Daily trend is up ..We dont have any expansıon on 4hr.. Altough almost everything is against us we wıll try to be very fast and try to book some quick profit and if we can get 4hr stop grabber.. Then home runn...(Just trying to show how we can loose money easıly )))
We drop to 1hr to see that we have controlling XOP standing just below confluence. We wıll place the order around 10400 ( I can suddenly change that 10400 entry while I m monitoring on 5mın) And drop 2 lower TF which is 5min. Because we are nervous thıs is bıtcoin and it can suddenly go to 10800 easily. Once we are in we will monitor market reaction and 5min DP. If we get strong sell we will not place hard stop and give it room for to get 4hr stop grabber. If not we will place hard stop to breakeven and look to get out at 5min OP.
That one is tough !! and less probability .. WHY?
Because macdp is just turning into buy and we are trying to sell.. Market is coming from agreement+ confluence, momentum is against us. Daily trend is up ..We dont have any expansıon on 4hr.. Altough almost everything is against us we wıll try to be very fast and try to book some quick profit and if we can get 4hr stop grabber.. Then home runn...(Just trying to show how we can loose money easıly )))
We drop to 1hr to see that we have controlling XOP standing just below confluence. We wıll place the order around 10400 ( I can suddenly change that 10400 entry while I m monitoring on 5mın) And drop 2 lower TF which is 5min. Because we are nervous thıs is bıtcoin and it can suddenly go to 10800 easily. Once we are in we will monitor market reaction and 5min DP. If we get strong sell we will not place hard stop and give it room for to get 4hr stop grabber. If not we will place hard stop to breakeven and look to get out at 5min OP.