on the daily we have an almost textbook morning star reversal.I am set up to take it. my stop is placed, if it is hit ill look for another set up its all part of the game. win more than you lose. if it wins its a 3 to 1 set up. i placed stop buy on 30 min chart. stop is tight. Im planning on being out of the trade intraday
Based on the last few news days. i believe we are taking the elevator down. But be weary tomorrows nfp results could possibly cause a hick-up
Based on the few news releases in the last few days, im taking this one down the the next floor, . . or possibly the second.
trying to catch a move to the upside. however based on passed price action big volume spikes indicate bearish movements. set stop loss and hold on. it only takes one candle to change your life.
these publications are to keep me accountable in my own trades. just to go back and test to be a better trader in the future. But with that. . . all those big banks always throwing weight around. . i.e. volume. and was in the past bearish
based on passed experiences, ( the past has no bearing on the future in the markets ) lets see what happens. . . should be fun
After todays fiasco, I'm currently in this trade. Obviously I could be wrong.
im just playing with my new toy. this is what I see. Cash is king. neutral 4 now. short overall
I think price is being moved up. I think there is a significant zone above for smart money. If so. . . huge opportunities to the up side, and then the real move to the downside.