Sunday started out below the demand zone // support // floor.
When price pushed above where the sellers were selling from, it retested. A buy position would’ve prompted a positive P&L (Profit & Loss) with a potential of 40+ pips!
Set your zone, let price show you what it wants to do. Set your alerts so you know when to look at the market. The market comes to us because we do not chase the market. Let the market reveal its intentions.
Just remember! When you are in a trade, and it turns “blue,” it’s on you!
It’s on you to lock in those profits. It’s on you to have a comfortable risk management plan if you do not move your stop loss into profit. Sometimes it is best to accept your risk and let the trade play out. Other times, you will thank yourself you were not greedy and took those profits.
“You can’t go broke taking profit.”
When price pushed above where the sellers were selling from, it retested. A buy position would’ve prompted a positive P&L (Profit & Loss) with a potential of 40+ pips!
Set your zone, let price show you what it wants to do. Set your alerts so you know when to look at the market. The market comes to us because we do not chase the market. Let the market reveal its intentions.
Just remember! When you are in a trade, and it turns “blue,” it’s on you!
It’s on you to lock in those profits. It’s on you to have a comfortable risk management plan if you do not move your stop loss into profit. Sometimes it is best to accept your risk and let the trade play out. Other times, you will thank yourself you were not greedy and took those profits.
“You can’t go broke taking profit.”
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.