Pyramiding
First Entry was at 141.03
The second where I just entered was at 142.01
Probably, the mass of the traders wanted to sell when the price was going around 140.50
because there's big support line at 140.44 and big resistance line above at 140.95.
I knew the price wanted to go up cause the price had been stopped for 3 times at the purple support line.
I decided to take position after the price break the highs and set the buy limit at 141.03.
The price hiked and touched to next resistance line around 142.00.
I could see that the pull back was not too big when touching, which means the selling didn't show up
or they got absorbed by big traders. = high potential to break the resistance line !
The price broke 142. buy limit got hit at 142.03.
The way of my trading is like fishing,
bait a hook where you want to get fish(profit)
if you couldn't get any, no fish to eat for dinner.
if you could get some, you have to think where is the best place to take up reel.
and need to analyze where you can get more fish in the market.
volatile market is much prefer to go fishing.
The second where I just entered was at 142.01
Probably, the mass of the traders wanted to sell when the price was going around 140.50
because there's big support line at 140.44 and big resistance line above at 140.95.
I knew the price wanted to go up cause the price had been stopped for 3 times at the purple support line.
I decided to take position after the price break the highs and set the buy limit at 141.03.
The price hiked and touched to next resistance line around 142.00.
I could see that the pull back was not too big when touching, which means the selling didn't show up
or they got absorbed by big traders. = high potential to break the resistance line !
The price broke 142. buy limit got hit at 142.03.
The way of my trading is like fishing,
bait a hook where you want to get fish(profit)
if you couldn't get any, no fish to eat for dinner.
if you could get some, you have to think where is the best place to take up reel.
and need to analyze where you can get more fish in the market.
volatile market is much prefer to go fishing.
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