{quote} Thank you and i appreciate. So with ABC structure are you saying you still bias for long or long is still achievable? Thank you
Lots of traders say, trade what you see and while it is certainly true, one needs to put some applicable meaning to that otherwise worn slogan , and we know how the utility of such worn out slogans are at the very best mysterious. Virtue signalling is a real trap that it is so easy to fall into, things like "naked trading", this or that indicator, or non of that can and often is a destruction that is manifested by the state of the trading account.
If one makes good profit trading naked - good
If one makes good profit trading using indicator/s - good
What matters is to be profitable - and profitable over extended periods of time.
The confirmation of my bias, that is if and when I have it, is of great importance to me, without that confirmation I do not trade or trade with smaller risk.
I am being prepared that 43500 round number can easily be reached and have established a long position at 43540 zone . The size of that initial position is small enough not to heart my account and the trade can be either closed with a small loss or managed. What I look for is and exertion of the current momentum, kind of reversal pattern or reversal WRB, and upon it I proceed with caution. DOW often has a large move before or at the beginning on NYSE session in the direction of the prevailing trend which displays tiredness, so I look for a type of capitulation scenario, divergence, Bill William angulation, WRB ect. assisted with the confluence of things I use.
