Live Trade Example – 2nd Entry Short That Is Also A Triple Test
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This was a second entry short that also happened to be a triple test of resistance. The price action had been range bound for most of this day and this short entry was following a break out of the resistance area that failed. Like most breakouts, the price action failed and traded back into the range, offering me a chance to get short at the high of the range prior to prices trading back down again.
Comments
thevmackwin April 28, 2021 at
Enjoyed watching the surprise Live Trade and like your explanations about why you took the trade. These are really helpful to see how a seasoned professional operates when the clock is ticking.
Thanks Mack!
Hector April 28, 2021 at
Thanks Mack for your video. Very, very helpful. If you can ever record a day in the market with you drawing your trend lines as the day goes on that would be gold, even without showing your trades. Identifying a second entry long or short is easy but to draw the trend lines during the day is another story and that’s the key ingredient to your system.