US100 Many have also missed the fact that we have pumped away from last WEEKS high…which IMO means that the overall target is Last Months High…Personally, I don’t think we will get to ATH in this wave…that’s not my point…my point is shorting into a weekly bullish wave is riskier because of higher likelihood of broken structures on the micro TFs.
Even scalping in either direction is likely to be tricker due to the same risk….I’m not saying don’t short or don’t scalp, I’m saying you need to be more disciplined and selective than usual to make up for the higher risk.
NAS100 whatever your strategy.. Its best to keep to one self, as i find it on more than one occasions things dont go to plan to your intended only by a few pips or so.. Call it a conspiracy but there out there scrolling through discussions boards to get the upperhand.. Stating your stop loss or your plan will ensure it does not get there.
US100 If you ignore your indicators for a second….today was one of the most classic BUY days ever.
1) Low of the Day set in London 2) Breach of Yesterdays High and Successful retests in NY 3) Rejection and subsequent rally from yesterdays high through to NY market close
Understanding market structure is 10000 times more important than your indicators…