Quote from veggen:
I think that was a very nice play! You rode that thing perfectly!
Thks. I had my second stop initially at LOD (1132 or so), but I trailed my stoploss too quickly.
I have to agree with you, it is difficult jumping into trades at HOD/LOD.
Did you see that HS forming at the last top of the tripple top? That gave a nice reason to enter at the start of that trend developing.
You are right, I missed it. At this time I was waiting for the prices to break the rectangle. The trend was not obvious enough to me.
But you are right , it was a bounce (mini DT) on the down TL joining the two previous high, we were in a downtrend as per the anchor, the previous highs were LH (even if very moderately) and there was an up trendline break with a lower high, and finally the H&S (at HOD).
Yes plenty of reasons to go short.
And in addition, this was the third time that this combination was happening.
However I am not watching a sec-chart, so I do not know how that could have been played there regarding volume? My plattform does not allow me to watch sec, anybody here have that HS in sec-chart? Maybe we can find a good entry regarding volume somewhere after neckline is broken, and the retest of neckline??
attached the 2 sec chart for the period of the H&S. I tried to find some hint and highlighted what I could notice on the chart. Any help is welcomed.
I tried also to look at 3 tick range chart, with filtered volume (big only) and a dot for big blocks. I can not show it as I cannot yet use my regular PC. But I could not see anything obvious.
