Yep. But Hourly is wedging. I really don't like trading triangles / wedges. Like to see further breakdown first.
The Futures Trading Floor
- Thread starter Utah
- Start date
Yep. But Hourly is wedging. I really don't like trading triangles / wedges. Like to see further breakdown first.
For sure. The thing that’s great about wedges is that they do break eventually, and usually do so with some decent momentum. Right?
I work until 6am est. I'll be up regardless
It’s currently 10:53 PM here in Utah. I won’t be staying up all night, but I’m going to set an alarm for around 3:00 AM just to check on things.
thats a pretty blanket statement, and the answer is "it depends". If you break down the structure of a wedge, price has found an equilibrium point. If its an against the trend B/O, you do want to see momentum so you can short any rally like in this instance. If its a with trend b/o, i really won't ever trade it unless a previous pullback in the trend had the exact same structure, what is pretty rare in itself but it does happen, usually on the micro time frames though.
Judging by how my signals are doing right now I guess 3am (your local time) would be about time my short signals kicking in. These signals need at least a couple of hours to get triggered. Let's see.