Great call.. these come a lot during slower sessions.. like now. Once recognized you can start looking to get in at the highs on pa and ride it down to the lower t/l for the break.. or exit there to enter in again higher for another run.
In this case, I entered short on the pullback after an m5 double top back to back pa at 2978... saw -4 pips for drawdown...
In this case, I entered short on the pullback after an m5 double top back to back pa at 2978... saw -4 pips for drawdown...
Dislikedon top of my previous post it also helps when easily recognizable patterns develop. currently we are in a bear flag which further justifies this smaller size position as they most often continue the trend down. at this point you may even choose to add to your position to match your regular position size although i chose not to. simple method...good results at least in my case
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DireXiv
Make it happen, no one
else is going to do it for you...