FTSE100 And Price Action/Probability
This chart is a clear display of how markets work in simple terms.
The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next,
That is also, simply, the point of price action.
So when something happens so many times.. Do not be surprised if it happens again. And do not bank everything on it just because it is 'probable'.
Risk much be associated to the risk of the market setting and you must be prepared for a failure of any level with further risk plans.
The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next,
That is also, simply, the point of price action.
So when something happens so many times.. Do not be surprised if it happens again. And do not bank everything on it just because it is 'probable'.
Risk much be associated to the risk of the market setting and you must be prepared for a failure of any level with further risk plans.
Note
Looking short.Note
Entered across portfolio(s).Note
TGT much lower (Swing)Note
Exit for gains.Note
Re shorts reasonable higher 7680.Note
Maintaining short bias. Awaiting sentiment for falls.Note
Still holding. News sentiment required.Note
Exit for gains.Note
Now is your chance again to trade with reality and enter short bias with the same reality.Note
Out for gains this AM again.Note
And re shorts.Note
Holding Post budget.Note
Further RE shorts.Note
And more @ key W levels.Note
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bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.