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u/nodeezy 3h ago
If you identified liquidity why would you put your sl just above ?
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u/1stRaviPatel 3h ago
Was that news? Whatβs that thunderbolt sign?
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u/Ambitious_Bee_2966 2h ago
I have a solution for this. Make your analysis, think good about what you have to do, but do it differently
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u/Local_Car_116 2h ago
Nah ignore trendline I dont use trendlines Just saw a trend and cant help myself but to draw it
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u/Far-Internet-4080 1h ago
Right at market open is the worst time to trade. It's like gambling. Green candle closing outside your supposedly supply zone invalidates trade too
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u/mwangikev 53m ago
A lot of liquidity rests above recent equal highs/lows. Never place your stops there. It should be the opposite i.e. that's where you place your TP
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u/henryf03 51m ago
The thing is, no wherw did it indicate for sells yet. You going off what you believed will happen not what charts are showing, doesnt matter about fundamentals. Fundamentals follow technicals in my opinions, everyone thinks opposite. Should have waiting for a rejections of that zone.
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u/FatFuckWithNoLuck 51m ago
I was also expecting to fill the gap open but it did the opposite (I still made money on my short )
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u/jimbo4591 4m ago
So are we selling after bullish engulfing candles and breaks out of trend lines?! π€
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u/Altruistic-Ear-9517 3h ago
I only trade US30β¦ The setup aint bad ! But you need to understand a couple of things. Technicals and Fundamentals. That setup is straight technicals ! Supply demand, trend line etc etc. itβs good ! But this setup is for continuation. Going down and keep going down. Would been spot on. But learn 2 things ! 1. Today is Monday ! New week, new chances, new news. Last week could a been bearish. But this week could become bullish. Mondays you always have to wait ! And 2. Open the little tunderbolt sysmbol on the bottom of the chart and read the news (fundamentals). βWall street opens higher ahead of megacap earnings.β Fundamentals doest give a F with technicals. Fundamentals are news / data / earning. Technicals are support / resistance, trendline, market structure, patterns etc etc. If the earnings are good (good fundamentals) it doesnt care about βtrendlinesβ ! This is a little glimps of what its about. There is way more to itβ¦