Breakdown trade 1: 3100, can target previous lows Breakdown trade 2: 3050, can target 3030, 3000, 2980, 2950
Breakout or breakdown trades must have a stop loss of 10-15 points Position sizing: first trade can use 1%, after multiple breakouts can use 2% Breakouts and breakdowns, resistance and support levels switch roles
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Today's trading strategy: Continue with 3-4 hour trades. As long as 3170 is not broken, continue to go short.
Upper resistance levels: 3170, 3200/3220, 3250, 3300
Lower support levels: 3090/3060, 3030, 3000, 2980/2970, 2950, 2900, 2880, 2850, 2830/2800, 2770
Breakout trade 1: 3170/3180, can target 3200, 3220, 3250
Breakout trade 2: 3230/3250, can target 3280/3300, 3350
Breakdown trade 1: 3100, can target previous lows
Breakdown trade 2: 3050, can target 3030, 3000, 2980, 2950
Breakout or breakdown trades must have a stop loss of 10-15 points
Position sizing: first trade can use 1%, after multiple breakouts can use 2%
Breakouts and breakdowns, resistance and support levels switch roles