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HanozKapadia
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HanozKapadia
Retracement
in
New Traders
Sep 22, 2023 at 05:06
Hello everyone,Have a look at the attached image for context of my question. 1. You're looking at a 1-minute US30 chart. 2. A multi-timeframe analysis confirmed that price was in a downtrend. 3. The curving line is the 200 SMA.4. Green line at the bottom is a support (across several higher and lower timeframes), which I used as a TP. 5. I entered 3 short trades in small lot sizes (in the yellow box), and as you can see I ended all three trades at a profit. 6. My trading style is very much as a scalper using minimal to no indicators (barely an SMA/EMA). Regardless of the profit, question her...
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