Bartstop asked "But how do you know when to close your trade if price bounces off the 138 every time?"
Bouncing of the 138 is what I am looking for, that is how I am comfortable trading.
Choose a time frame (preferably larger than 1 minute) and take profit "every time" something is going to happen after each touch, it will go up.. or down
in ..tp, in..tp in.. tp, then off to the __________ (beach , pool, mountains)
or would that be too much profit?
Exercisefor anybody,not just Bart)
On the move down from 134.62, find targets 133.51 then133.23 then 132.80.
DO NOT POST CHARTS,let anyone coming here do the exercise for themselves.
Those are easy targets, the bounce at 132.55 was a little trickier, but still very tradeable.
This is just an exercise to identify targets, and hopefully identify entry possibilities.
Bouncing of the 138 is what I am looking for, that is how I am comfortable trading.
Choose a time frame (preferably larger than 1 minute) and take profit "every time" something is going to happen after each touch, it will go up.. or down
in ..tp, in..tp in.. tp, then off to the __________ (beach , pool, mountains)
or would that be too much profit?
Exercisefor anybody,not just Bart)
On the move down from 134.62, find targets 133.51 then133.23 then 132.80.
DO NOT POST CHARTS,let anyone coming here do the exercise for themselves.
Those are easy targets, the bounce at 132.55 was a little trickier, but still very tradeable.
This is just an exercise to identify targets, and hopefully identify entry possibilities.