sell in Futures (a post for unknown friend )
This one i am posting for an Unknown friend , who is always wrong in the decisions , always take wrong decisions and put everything on fire , (Blocked me for telling the truth )
the Price is coming down and very clearly its in small corrective pattern which we call it as small flat , and price will start dropping and continue go down ,
what are important factors you can notice
01) Price is making lower low from very long period
02) price action is very narrow or negligible to consider any bullish sign
03) and its starts consolidating after 1 Hour , and usually they brake the 1 Hour candle high and then start moving in very narrow range body where retail traders think price will reverse and keep continue in holding position , until lastly he or she will be taken out if they have placed the stop loss orders
i dont say you should not trade these , i would say or request trade in the larger direction ,
04) Major point for understanding the Momentum , Many will talk about momentum indicator when its bullish , but no one has idea of when to sell or buy when trend is down ward (in bearish ) , always look for momentum indicator to come to 0 line on daily basis where the price close of daily candle should not be more than 1.1 % on open to close , which is clearly indicating the weak hand buying or price in range bond , once the brake of daily low you can look for going short and let the indicator make new low or nearest to previous low in order to cover your short , along the side of price action ( to Maintain trailing stop )
hope you Will understand some thing form this
Good Luck Happy New Year
the Price is coming down and very clearly its in small corrective pattern which we call it as small flat , and price will start dropping and continue go down ,
what are important factors you can notice
01) Price is making lower low from very long period
02) price action is very narrow or negligible to consider any bullish sign
03) and its starts consolidating after 1 Hour , and usually they brake the 1 Hour candle high and then start moving in very narrow range body where retail traders think price will reverse and keep continue in holding position , until lastly he or she will be taken out if they have placed the stop loss orders
i dont say you should not trade these , i would say or request trade in the larger direction ,
04) Major point for understanding the Momentum , Many will talk about momentum indicator when its bullish , but no one has idea of when to sell or buy when trend is down ward (in bearish ) , always look for momentum indicator to come to 0 line on daily basis where the price close of daily candle should not be more than 1.1 % on open to close , which is clearly indicating the weak hand buying or price in range bond , once the brake of daily low you can look for going short and let the indicator make new low or nearest to previous low in order to cover your short , along the side of price action ( to Maintain trailing stop )
hope you Will understand some thing form this
Good Luck Happy New Year
Trade active:
Trade active
Comment:
So far 924 to 865 , its slow , lets see
Comment:
Now its on the verge of pull back or reversal I am I am looking to trail my stop on 1 Hour from 924 to 811