If trading longs off service seem to partial depart around 32-43 pips off the swing lows, with stops only below the lows, and maintain.... Tonight's article....
Yesterday was roughly utilizing the 5-day 50% amount and trading upwards towards the highs, nevertheless, once beneath the 5-day 50% amount all longs were open to Risk, as price was heading ...
I made an earlier article about 32-43 pips....
Following the article the market made 3x32 pip rotations until the 43 pip range high completed and sold down....Everytime the market came into the 32 pip lows I re-bought and marketed at the 32-pip highs, until the 43 pip high completed after which I stopped, and ran open positions with stops below lows...
Being a trader in Sydney I don't frequently have the luxury to trade US market movements, frequently I place my trade, take partial exits around amounts and run stops just outside the amounts, since I know if I'm wrong the market will reverse, but since that is occurring whilst I'm asleep I frequently don't trade them....
Below is your Daily Ranges on the left, along with also the 32 pip ranges on the best, selling off by the 43 pip drops (white lines)
Have a good weekend....