JICPT| Tesla in the battle zone, buy the dip or breakout!
Hello everyone. I managed to predict the price movement of Tesla in my previous idea titled "Tesla reacted to my zone, on the way to upside!".
In my post, I explained why I recommended the bullish setup and suggested to close partial position in the battle zone where price has been consolidated for the past 6 days.
Why did I call it a battle zone? The fib structure leaded me to such guessing. Sometimes I'm wrong due to market mood or news. What I want to say is that it's okie to be wrong as traders as long as you can manage your risk. Nobody can be right 100% of the time.
If you check my published ideas, I've been wrong about gold, half wrong about EURUSD. Some ideas prior to those two worked well. Guess what? I don't care, because my mentor told me I should always focus on the next trade! Traders need to deal with misprediction everyday. What made us become an excellent trader is the robust discipline.
Sorry, I'm a bit off track. My trade plan goes like below:
1. Breakout trade: it's a bit aggressive. Price goes up after consolidation .
2. pullback trade: 610-623 is a nice zone for re-entry due to the flip structure formed.
Focus on the process and money will come to you.
Give me a like if you're with me.
In my post, I explained why I recommended the bullish setup and suggested to close partial position in the battle zone where price has been consolidated for the past 6 days.
Why did I call it a battle zone? The fib structure leaded me to such guessing. Sometimes I'm wrong due to market mood or news. What I want to say is that it's okie to be wrong as traders as long as you can manage your risk. Nobody can be right 100% of the time.
If you check my published ideas, I've been wrong about gold, half wrong about EURUSD. Some ideas prior to those two worked well. Guess what? I don't care, because my mentor told me I should always focus on the next trade! Traders need to deal with misprediction everyday. What made us become an excellent trader is the robust discipline.
Sorry, I'm a bit off track. My trade plan goes like below:
1. Breakout trade: it's a bit aggressive. Price goes up after consolidation .
2. pullback trade: 610-623 is a nice zone for re-entry due to the flip structure formed.
Focus on the process and money will come to you.
Give me a like if you're with me.
تعليق:
Tesla failed to breakout the battle zone, and bounced back after pulling back to re-entry zone.
plan your trade and trade your plan
