Price is mean reverting around 45,000 and also mean reverting around today's open. I will be waiting for a mean reversion play under the low of day targeting the high of day.
I will be waiting for a small entry candle, a small doji. I did not take this first run up because the entry vs stop would have been too large. I believe the first mouse in will get dunked on.
Once entered, I will use a 75 tick stop and a 190 tick target for a 2.5 to 1
I will be waiting for a small entry candle, a small doji. I did not take this first run up because the entry vs stop would have been too large. I believe the first mouse in will get dunked on.
Once entered, I will use a 75 tick stop and a 190 tick target for a 2.5 to 1
Order cancelled
Unfortunate the market didn't give me a deeper pullback where I wanted. I missed this trade because I didn't feel comfortable buying in the middle. Oh well, missed money is better than lost money. At least I was correct on the play. Means I am improving 1% everyday. 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.