Day 4 Balance: 8,303.3562
Up about 65% on the account. Total trades up to 26, with some volatility in equity over the last few days.
Shorts on $BTC ended up paying, but got stopped out a few times trying to capture the move to the downside
$BTC has been trading in this range for almost 20 days
My free Tradingview indicator called “Range Analysis” makes trading ranges easier by automatically plotting all the important levels, generating a Volume/OI profile + heatmap and much much more.
Feel free to check it out
#PriceAction
The Standard Setup
Simple setup that you can easily use in any market. Takes the emphasis of using Ranges, Supply/Demand alongside what a three tap is
Small write up to cover:
- How to format ranges
- Demand/Supply
- Three tap importance
Lets get into it
Improve your discipline to succeed.
Follow your rules, don't break them.
Use your time wisely. Show up, trade, review trades, and learn from mistakes.
Embrace repetition for success.
@DeepCipher The instant sell price is usually much lower than the traded price and illiquid. As long as you are okay that stop loss is set to instant sell price it could work. But easy to see that there are 10 stop losses and a very thin instant buy side