RE: SEC S18-W6 || Mastering the Break Retest Break (BRB) Strategy.
Criteria | Remark |
---|---|
Verified user | ✅ |
#steemexclusive | ✅ |
Free of Plagiarism | ✅ |
AI Article | ✅ Original (Human text!) |
#Club | club5050 |
Bot free | ✅ |
Comment/Recommendation
Your explanation of the BRB strategy is well structured and clear. You have well described the three key stages: the initial breakout, the retest and the continuation of the trend.
You did mention the importance of identifying support and resistance levels using historical data.
You have clearly emphasized the importance of monitoring significant level breakouts. Mentioning specific technical indicators like moving averages, trendlines, and Fibonacci retracements would help clarify how to identify these breakouts.
You have well described the entry criteria for a long or short position. Including charts to show how to determine these entry and exit points for the Steem token would be very helpful.
You have clearly explained how to place stop-losses and take-profit levels.
The example you provided is clear and well explained. However, including annotated charts with clear indications of entry and exit points would enhance understanding.
You have well described risk management techniques, such as position sizing, diversification, and risk/reward ratio.
Your post covers the basics of the BRB strategy well and includes useful details on applying this strategy to trading the Steem token. To further improve your explanation, I recommend adding concrete examples and annotated graphs for better visual understanding.
Total| 8/10