$GRASS ｜Breaking through the 0.7 level
Before looking at position sizes, first get clear on the key price levels.
The more frequently a price level is tested, the more weight traders tend to give it. But some argue that repeated tests can instead deplete the buying support there.
When a price returns to a level after several days away, people who bought around that level may sell to break even or add to their positions, so trading activity is usually fairly high.
Don’t let a single indicator disrupt your plan, and never use borrowed money to test a theory.
#GRASS
Before looking at position sizes, first get clear on the key price levels.
The more frequently a price level is tested, the more weight traders tend to give it. But some argue that repeated tests can instead deplete the buying support there.
When a price returns to a level after several days away, people who bought around that level may sell to break even or add to their positions, so trading activity is usually fairly high.
Don’t let a single indicator disrupt your plan, and never use borrowed money to test a theory.
#GRASS