RplusT wrote: Thu Jul 06, 2023 11:47 pm Just curious about your first chart. What makes you so sure that PA will reverse, as I can see you got already several orders and would keep buying (buy limit) if PA moves further down. You don't use SLs either??
Logically one would start placing orders if PA breaks the consolidation area to the upside.

In this case I was super sure that will reverse at least till ema 20,if you look area on the left on m5 tf you will see price hover at exact area around 22690....Plus m1 reached lvl 31.250 then goes up a bit tested ema 20 m1 ,than collapse tricking us that will go further...As SL I am using it, but leaving space for price ...Same goes for gu,kill zone was up at lvl 1.2800 but price reached 68.750 rsi 60,those lvls are very interesting to observe in my experience...