In today's video i share what looks to be a perfect setup for trading the C D leg of a BUTTERFLY pattern. Risk to reward looks great, support at entry looks strong and momentum of the market suggests a move higher. Still I wont take the trade as May's central pivot is below price and in my world I dont get long if there are missed pivots below price.
This type of setup where you have conflicting signals is really important in trading, it give you an opportunity to follow your rules and not chase money which in the long run should see you trading more consistently which is the goal, at least for me.
Interested to hear your thoughts on how you handle conflicting signals in your trading.
This type of setup where you have conflicting signals is really important in trading, it give you an opportunity to follow your rules and not chase money which in the long run should see you trading more consistently which is the goal, at least for me.
Interested to hear your thoughts on how you handle conflicting signals in your trading.
註釋
The Butterfly is flying... over night price exceeded X rectraced a bit and now is moving higher. Next stop is likely to be 1.272 or 1.618 extension.As I said this pattern looked good and its proving (so far) to be a nice one.
Lets see if it gets to D
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。