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RE: How Would You Trade This Chart?

in #trading • 7 years ago (edited)

I would not trade it until the equilibrium pattern breaks. Bear break is an oversold bounce opportunity. On a bull break one could stop buy in or place a market order. Most important rule.....always set a stop loss on trades!

7 years ago in #trading by
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     7 years ago 

    I am bad for not using a stop loss, but really good at closing trades that have not proven me correct. As for this chart, I have a 10x leverage position a little bit in the profit, and awaiting to see if the market moves for me or against me. I am betting on this chart being the moment of the trend change - and keen to see how it plays out as well.

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       7 years ago 

      What are you trading? What's the ticker? You have me interested now;-) Good luck!

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       7 years ago 

      I have to reveal - this chart is upside down. And it is the weekly bars over the past few years of prices for... SILVER! I am trading world markets on 1broker - rather than just trading alts to grow my bitcoin.