It’s fact that most people fail in this game so don’t do what most people do. Cliché I know but how many of you took a trade today… and lost?
Today was unfavourable- the markets are sluggish from the recent holidays as that’s always expected!
Preserving you capital is the initial focus!
Follow along with my trades but let me wait for the right conditions as I will highlight once presented
But I will focus on 1 hour of time and 1 model within
Here we go
Looking to sell US500
Market has tipped lower
Waiting for movement into premium to allow entry opportunity
Objective reached @ 4144 but no trade was permitted as no retracement offered entry ahead of movement lower
Price is reaching into initial premium target @ 4153.8 but downside target has already been reached
I will observe the moment one reaching level
Buy limit US500 @ 4065
Stop @ 4058
Target @ 4082
Loss taken
Re-entry @ 4063
Stop @ 4057
Target 4072