@follis_ Yes, but you can do that when you have enough capital, and one trade covers your entire year of costs, or you have entire life ahead of you, or you don't depend on that money. My poor ass, sitting on a few k, needs to have a trade every hour to survive a month... ๐
@EmperorBTC Yes, i know, but often it just touches slightly below swing low, then goes up. Look at @CredibleCrypto videos. He talks about (triple) tap. So the question is how big that deviation could be? When it goes from "taking liquidity (testing lows)" to "trade is busted". Tnx 4 reply!
@EmperorBTC Identifying SL levels.
Should it be juste below previous low or x% below, or on immediate next support, or... I know there is no right answer, but at least some idea how to handle it.
Thanks Emperor!
@RAFAELA_RIGO_ Levels!
-invalidations (SL - how, why),
-which S/R - horizontal/ trendlines
-TP, why there (i've figured it's the S/R levels), but which ones (minor/major?)
-when BE?
teach us to fish :)
@Rafaela_Rigo@Rafaela_Rigo a question, please. Do you set a limit, and a stop, which ever gets hit first, or do you monitor the trade? It often happens that i have the level, but it's missed by few pips, and it goes to BE or SL after that. And it's a solid S/R line, not what i would wish for.
@trader1sz You, sir, are awesome. Never won anything, and past few years have been really hard on my daughter and me, and maybe this is a time for some good luck to shine upon us. Whatever happens, win or not, kudos to you!
4yTx54D2xajosybw1oHxBJZYQkCK8AVarHrQXAoDPHQ4
@Nebraskangooner@ZeroHedge_ And here i am, asked a bunch of big accounts all kinds of questions (always tried to be meaningful), trying to learn, and nobody replied... ๐
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@peter92736@Mirawonder65@patrici78516765
@BullyDCrypto Thanks for this, it's great. How would one trade this case? Me personally would TP too soon, anyway, but small portion would be left with SL at BE, and would re-enter after second (sweep) breakout confirmation... is that the way?
@Zeke_Gripto To go on endless vacation while having infinite money for no work? ๐คฃ
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@CredibleCrypto Cred, should something like this be also possible, without breaking the (up) structure? But this would be HTF structure, right (or mid-term at least)?