Quality trade that is what you want! It is better to have a near 100% small profits in your pocket than to RISK a bigger profit that you are not quite sure of. In this case, I would not meddle with this pair.
Is Trump going to continue devalue the US dollar? We have seen how badly it has been beaten down over the last few weeks. Even so, there will be a pull back before the trend continues. And the chart tells me it could goes both way, breaking up from the rectangle or breaking down.
Both buyers and sellers are trading in a small range , I will leave it to the nibble hands to cherry pick their profits.
On hindsight, it is so easy to make comments like - just buy when it hit the support of the rectangle and sell when it hit the top side , rinse and repeat and make millions. HAHAHA.
And if you take these trades as a very small % of your total investment portfolio , just to spice things up or itchy hands or feeling lucky, whatever you call it, just not make it 100% of your time UNLESS you are really , really, really good. Charting is easy, it is managing your own emotions of greed and fear that is difficult. Somedays you feel out of whack, full of frustration and suddenly you see a setup , usually you would enter position size of 1 but this day, you hit 3x as you were feeling angry.
Lucky you, the market moves in your favour and suddenly you are arm with 3x profits and your mind starts wandering - IF only I could repeat this 2x a week each week , wow, wow. How nice ?And down the rabbit hole you go, sucked by the greatest temptation of GREED, IMPATIENCE and PRIDE.
DISCIPLINE is hard , really hard till it becomes a HABIT. If it is that easy, why would people pay for sports coaches to guide them do the things they already know. Or have someone telling you what to eat to stay healthy. Common sense is not commonly practised. That's what make us humans. And humans have its up and downs and thus trading 1-2x a week help to put the lease on your greed and steer you to the investment path instead.
If trading is that easy, why bother to take a degree, goes for interview and all these nonsense? Still believe in the guy who said he traded in his backyard and make millions ? Maybe , 1 out of a million or more so statistically it is hard. Investing in the SPX or QQQ ETF over the long terms yield better returns, allow you to sleep well and not have anxiety or depression over money.
Is Trump going to continue devalue the US dollar? We have seen how badly it has been beaten down over the last few weeks. Even so, there will be a pull back before the trend continues. And the chart tells me it could goes both way, breaking up from the rectangle or breaking down.
Both buyers and sellers are trading in a small range , I will leave it to the nibble hands to cherry pick their profits.
On hindsight, it is so easy to make comments like - just buy when it hit the support of the rectangle and sell when it hit the top side , rinse and repeat and make millions. HAHAHA.
And if you take these trades as a very small % of your total investment portfolio , just to spice things up or itchy hands or feeling lucky, whatever you call it, just not make it 100% of your time UNLESS you are really , really, really good. Charting is easy, it is managing your own emotions of greed and fear that is difficult. Somedays you feel out of whack, full of frustration and suddenly you see a setup , usually you would enter position size of 1 but this day, you hit 3x as you were feeling angry.
Lucky you, the market moves in your favour and suddenly you are arm with 3x profits and your mind starts wandering - IF only I could repeat this 2x a week each week , wow, wow. How nice ?And down the rabbit hole you go, sucked by the greatest temptation of GREED, IMPATIENCE and PRIDE.
DISCIPLINE is hard , really hard till it becomes a HABIT. If it is that easy, why would people pay for sports coaches to guide them do the things they already know. Or have someone telling you what to eat to stay healthy. Common sense is not commonly practised. That's what make us humans. And humans have its up and downs and thus trading 1-2x a week help to put the lease on your greed and steer you to the investment path instead.
If trading is that easy, why bother to take a degree, goes for interview and all these nonsense? Still believe in the guy who said he traded in his backyard and make millions ? Maybe , 1 out of a million or more so statistically it is hard. Investing in the SPX or QQQ ETF over the long terms yield better returns, allow you to sleep well and not have anxiety or depression over money.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.