Zooming out, we can see a previous channel being respected. Interesting indicator, the MA ribbon. I'm researching trend following lately, and this seems like a nice way to get a bigger picture, timing longer timeframe entry and exit points. Entry / exit is not everything of course.
Full disclaimer, I am a hobby trader, self-taught, only a couple of months in etc etc Just learning and looking for patterns and strategies to try out with pocket money :))
Sheesh now I look back at those risk / reward ratios and cringe. Did ok in an uptrend of course :))
I 4x'ed my money and then lost half of that trying to short the craziness that ensued after blow off top.
Risk management... don't try shorting as a beginner.. ok, got it :)
I 4x'ed my money and then lost half of that trying to short the craziness that ensued after blow off top.
Risk management... don't try shorting as a beginner.. ok, got it :)