Hi Everyone! This is ONLY a BRIEF example how we would use Phoenix to perform a BRIEF short with low leverage DURING a period of UPWARD pressure.
If you are emotionally attached to the amount you are betting in your margin short position, you are betting too much! Why? It will be hard to FOCUS on Phoenix and TRUST your analysis; which can result in bad decisions inspired by emotions.
If using cross leverage, make certain you have a stop loss in place. I prefer standard leverage with an amount I'm comfortable losing if my analysis is wrong and my position (amount of bet with standard leverage) is liquidated.
KNOW your trend: If you see upward pressure in higher group of time frames, you know the amount of time your short position will be OPEN will LIKELY be for a short period of time. Maybe you are better off waiting for the dip to complete and reverse to upward pressure to open a margin long position instead.
If your trend in higher group of time frames is upward pressure while considering a short position, make sure to use very low leverage (2x, 3x or no more than 5x). I prefer 3x
If your trend appears as though it's on the verge of a reversal to sustained downward pressure, you can consider 5x to 10x leverage. However, I would want to see CONFIRMATION. Such as the White Energy in the 3-Day time frame has CLOSED below level 50.
When the Red RSI is approaching level 50 in a higher time frame (3h in my scenario) than the lower time frames I used to open the position (23min. 45min. and 90min.), we know the Red RSI falling below level 50 will TRIGGER a race of downward pressure. The race would be the White Energy in the 3h against the Red RSI in the 6h. HOWEVER, do NOT be distracted by that race. You know your short position will be open only for a short period of time (in my scenario). You will watch the scalping group of time frames to determine when you will close your short position and avoid being tempted by greed to keep your short position open longer.
More tips later at another time in the future.
If you are emotionally attached to the amount you are betting in your margin short position, you are betting too much! Why? It will be hard to FOCUS on Phoenix and TRUST your analysis; which can result in bad decisions inspired by emotions.
If using cross leverage, make certain you have a stop loss in place. I prefer standard leverage with an amount I'm comfortable losing if my analysis is wrong and my position (amount of bet with standard leverage) is liquidated.
KNOW your trend: If you see upward pressure in higher group of time frames, you know the amount of time your short position will be OPEN will LIKELY be for a short period of time. Maybe you are better off waiting for the dip to complete and reverse to upward pressure to open a margin long position instead.
If your trend in higher group of time frames is upward pressure while considering a short position, make sure to use very low leverage (2x, 3x or no more than 5x). I prefer 3x
If your trend appears as though it's on the verge of a reversal to sustained downward pressure, you can consider 5x to 10x leverage. However, I would want to see CONFIRMATION. Such as the White Energy in the 3-Day time frame has CLOSED below level 50.
When the Red RSI is approaching level 50 in a higher time frame (3h in my scenario) than the lower time frames I used to open the position (23min. 45min. and 90min.), we know the Red RSI falling below level 50 will TRIGGER a race of downward pressure. The race would be the White Energy in the 3h against the Red RSI in the 6h. HOWEVER, do NOT be distracted by that race. You know your short position will be open only for a short period of time (in my scenario). You will watch the scalping group of time frames to determine when you will close your short position and avoid being tempted by greed to keep your short position open longer.
More tips later at another time in the future.
הערה
UPDATE:הערה
UPDATE:PLEASE REMEMBER: Do NOT feel like you must always be in a trade! WAIT FOR PREMIUM SIGNALS!!!
הערה
UPDATE:REMINDER: ALWAYS be on the LOOKOUT for the Red RSI approaching level 50 in a higher time frame (3h) while considering opening your short in a lower time frame (such as the 23min and 45min). WHY? Because we know the Red RSO crossing below level 50 is a TRIGGER to begin a race to determine when downward pressure will reverse back to upward pressure.
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.