WOW What a busy week!
Dear Honourable Traders,
Trading is ALWAYS about managing our risk FIRST. Ask yourself at your entry what are the probabilities of the Market going to retest structure.. can my account hold it if I am to trust my own analysis and reasoning?
Current BIAS is DOWN (Short term) Next week
1.RIGHT NOW (as of Fri Close) we at ATH very close to previous one can call it an Equal High
2. This top is clear to the world on any timeframe
3. Do you buy expensive and sell cheap to profit? (are you a registered Charity?)
4.The way Fri closed was not powerful follow through (like it has done in past, if it had bull side bias applies look at previous published charts)
5.Highest probability at this point is downside
6.This would form new structure for a new bullish inverse head and shoulder formation (it takes time to form to confirm bullish continuation - or not, its okay not to know and play what you see unfolding before your eyes
7.note the RSI divergence - we are at ATH but RSI is NOT
8.market does what it wants be happy with that even when you are in trade but be planned and prepared to REACT whilst you watch like my Tigress!
9.Don't jump in after seeing this, ALWAYS enter at structure...last point was at the EQH. TIMING is everything most liquidity is US time
10.Patience and HOW you react to the evidence of price behaviour and your ability to READ the candles at structure will pay not gambling or copying anybody
10. Even if you get it right if you oversize you will loose as nobody in the world can predict volatility (Risk management)
11. Monday has an event #Chair Powell SPEAKS! 12:00
12. Good luck and please share if you like and leave me a comment for any questions
Peace!!
Trading is ALWAYS about managing our risk FIRST. Ask yourself at your entry what are the probabilities of the Market going to retest structure.. can my account hold it if I am to trust my own analysis and reasoning?
Current BIAS is DOWN (Short term) Next week
1.RIGHT NOW (as of Fri Close) we at ATH very close to previous one can call it an Equal High
2. This top is clear to the world on any timeframe
3. Do you buy expensive and sell cheap to profit? (are you a registered Charity?)
4.The way Fri closed was not powerful follow through (like it has done in past, if it had bull side bias applies look at previous published charts)
5.Highest probability at this point is downside
6.This would form new structure for a new bullish inverse head and shoulder formation (it takes time to form to confirm bullish continuation - or not, its okay not to know and play what you see unfolding before your eyes
7.note the RSI divergence - we are at ATH but RSI is NOT
8.market does what it wants be happy with that even when you are in trade but be planned and prepared to REACT whilst you watch like my Tigress!
9.Don't jump in after seeing this, ALWAYS enter at structure...last point was at the EQH. TIMING is everything most liquidity is US time
10.Patience and HOW you react to the evidence of price behaviour and your ability to READ the candles at structure will pay not gambling or copying anybody
10. Even if you get it right if you oversize you will loose as nobody in the world can predict volatility (Risk management)
11. Monday has an event #Chair Powell SPEAKS! 12:00
12. Good luck and please share if you like and leave me a comment for any questions
Peace!!
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