OK so let's look at this consolidation power.
If this is the breakout I want price remain about the break out there the more price to re enter the
breakout because that will be a fast break out which will trigger a fall down effect and prices could
come down here.
And where will the stuff be.
So if this doesn't work you have to consolidate.
So if Price reverses and willing to lose one to make for pay.
So one can be one on the dollar $200 $500 depending on your position size.
So.
So I would say OK price could come back and test the top of the payment.
That's possible or test some of those highs here.
That's doable.
There will be 16.
And again I'm talking in terms of simplicity of numbers.
So they will be risking $1 or $100 fine to one coin one position and I see some of those down here.
Other want certainly press to be turned down but it is possible the press could pester some of the low
down here again.
They will.
This is my breakout theory because prices are written in inside the content of each letter.
So balance For simplicity let's say we set our stop loss at 66 and then right through here the price
comes down slightly below and touches double the chain on Kamler fell down.
We're out.
In New York.
So here is what I'm trying to make for and so far and this will be so when I'm somewhere up here is
impossible.
What usually targets are calculated in this way.
You know when you measure previous movement the price is made we go these price came from 57 for the
year all the way up to 66.
So let's call it again for simplicity from say fifty six hundred sixty six hundred.
So that's 1000 price more $1000 right here in the course of several hours.
And so the data is so if if Price made 1000 point move we should expect these movement to be something
similar.
Okay.
So in that case if I'm thinking or at the fire risk $100 or here one to make 1000 dollars well that's
worth way more than a risk reward ratio.
So yes there will be a very good risk group.
It's actually one thing.
Now we don't want to get too greedy so we want to keep it between the 1 2 4 1 2 4 1 2 3 and a half 1
2 4 1 2 5 Okay.
So we're risking 100 to make 400 500.
So somewhere on the 7000 70 and 71 on the support Rosy's and say you also want to go back in time and
look if there is existence and resistance
back in time.
Last month two months ago.
So you know where the resistance is unusually the resistance pressure will bounce back down.
So big profit and resistance.
So we enter the trade.
We set the Stop-Loss to be Drager if price moves below 66 under that price run.
So we set the target at 71 under because we entered 67 and right.
And we want the target to be $400 about 1 to 4 ratio.
So that's 7000.
So now what's going to happen after OK.
So here is the movement that price.
So this is the 1000 point move we have saw from 66 to not that much stop here consolidated but these
are these rigs that target once price broke out and the follow through volume continue coming in.
And then a little bit of consolidation which we see right here with volume decreasing and then more
volume is more volume is coming in.
Price is moving higher.
And then we get some more consolidation.
Raising prices is not making lower losses moving sideways.
So this would have been another place to you take profit.
I'm impressed with some 700 71 and then and then on one of the pullback you close now is placement of
Zire and reaches your target.
Keep raising your Stop-Loss produce those keep raising your Stop-Loss and then price which is the target
closer position and be happy with it don't continue.
End entered the position you know this is very important.
This is one of the issues that most readers learn the hard way they over trade.
So they make 100 and they lose 200 on the same day.
They get so excited they make 300 and then they lose 600.
Two days later.
So that's our we either way in the capitals.
Yes that's a very important thing to understand.
Don't bother to three.
You make a profit.
Be happy with that.
Walk away.
Go for a walk.
Enjoy life.
Take a cab for the ride.
Take your dog for a walk.
Take a break take a break.
Walk away from the computer.
Come back to work when you're ready and then look for another opportunity.
You don't want to read it.
You are much more than you need if you go an every day job.
How much money are you making and $3800 a day five hours a day.
So whatever you need.
To make it in your work day by doing these.
Overdo it.
It's like you are overspending.
So that important don't overtreat keep peace in.