{quote} BRKB bulls fighting to hold as expected on macro shelf. Either a demand failure with south move or more likely further continuation move on bounce up. {image}
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Why observing micro details of price and putting into context is important to figure most likely direction. Clear weakness on bull side and the south move was baked.
ALKS will consider longing supply takeout if there is momentum move. {image}
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ALKS and the one trade that pays for all the days work. Experiance guides you to know when to play defensively on 9 out of 10 plays, and size decently on that 1 A quality play. 4R gain in total. Strong order flew right trough the supply on get go, once that is baked stay behind that wind.
{quote} ALKS and the one trade that pays for all the days work. Experiance guides you to know when to play defensively on 9 out of 10 plays, and size decently on that 1 A quality play. 4R gain in total. Strong order flew right trough the supply on get go, once that is baked stay behind that wind. {image}
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Did you get in before the break of supply because of that consolidation that formed below supply?
{quote} Did you get in before the break of supply because of that consolidation that formed below supply?
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Yes note the "prefered" way it should had setup with HL bake on initial picture, it baked that higher low with consolidation thats where i added, but that was 30% of my usual position size, the rest of full position size was added on retest of break level.
CAT strong HL formation on momentum into supply move would be considered as long entry. {image}
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Didnt take this one would have been break even or 0.5R loss at the end likely. Anyways thats it for today. Struggle somewhat, but if discipline is there, one trade can save the day if the rest is taken care of.
(binned per thread starter's request) Market bottom rotation trad
