Day Trading Futures

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@Manishchan

Now your thread is going very well as promised from a senior member here at the begin of it. :clapping: I had a look at your charts and I love how simple they are. No fancy stuff on it. Just perfect for price action trading. As I see you have your buy and sell zone on it with your horizontal lines (Do not know what mathematical formula you use for this), two questions comes up on the above chart: After your second trade (First long and then one short trade) you had the chance to go long when market came back into your levels. The market entered your buying zone but instead of taking the risk to go long, you tried the short entry which failed.

1. Why did you not go long at that given level in your chart, as you followed your rules on the first exit when token the profit at the maximum long level your formula calculated?

2. I put in a green support line in your chart, as I was asking my self what the reason could be which made you taking the decision to short at that specific level which finally failed. Did you have such a trend line on your chart or why did you take that short at that certain level?



Here a little add about long entries and short entries. Hope you do not mind about my analyzes about your interesting trades:



And as a last one: Some candlestick formations to be studied:



Have a nice weekend
 
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