Anytime we are taking a trade we're trying to build
a case to why it's a good trade.
Here the counter trend trader would be thinking:
-Price inside 4hr DBR demand zone
-Price overextended ridding the bottom of the BB
for 10x candles in a row
-Stochastic RSI is oversold
-Imbalance, correction, imbalance, with potential correction time.
-Average Imbalance wave to downside = 4.2%
-The average Correction is 3.2%
Would I buy straight up? no, but I'm sure some traders might.
instead of confirmation IMO is the better play +
considering smaller risk + quicker trade management + quicker TP as
the trade is aggressive.
a case to why it's a good trade.
Here the counter trend trader would be thinking:
-Price inside 4hr DBR demand zone
-Price overextended ridding the bottom of the BB
for 10x candles in a row
-Stochastic RSI is oversold
-Imbalance, correction, imbalance, with potential correction time.
-Average Imbalance wave to downside = 4.2%
-The average Correction is 3.2%
Would I buy straight up? no, but I'm sure some traders might.
instead of confirmation IMO is the better play +
considering smaller risk + quicker trade management + quicker TP as
the trade is aggressive.