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Day Trader’s Aftermarket Lounge 27 May 2020, page-47

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Whitewolf89

802 Posts.

3

27/05/20

20:50

Post #: 44878311
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Originally posted by Seb93: ↑

Chart wise you've basically nailed it with that summary. Try and work on reading order flow though as you will get hints a lot earlier than the chart.

The opening auction had many clues that today was going to be a sell day.

After wiping 7c with no follow though that was another sign to sell .

Your 3rd note basically nailed the definite sell signal.

All that plus the fact that if you just sold 6.8-7c the chance of you missing another breakout was very little due to the huge run up it's already had and the fact there's always going to be someone willing to sell for a 100% profit at that 7c mark.

AND If 7 was taken out and another run began it would've been easy to jump back in and scalp a few pips anyway. So why hold high 6's? No reason to hence why I said I'd be selling here (6.9c at the time).

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after reading this im not sure why i'm trading ahhaah
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