Adobe potential move to 585-590 zone.
Today we have the Fed talking in the afternoon. We will see how the market reacts to it. However I trust technicals, and I believe in order to make good money in this market, you need to enter when institutions do, and get out when all retailers jump in. Too many confirmations kill profits.
This is a riskier idea, and I would be extra careful with my risk management.
Today we have the Fed talking in the afternoon. We will see how the market reacts to it. However I trust technicals, and I believe in order to make good money in this market, you need to enter when institutions do, and get out when all retailers jump in. Too many confirmations kill profits.
This is a riskier idea, and I would be extra careful with my risk management.
Trade closed: target reached:
Best trades are those that are hardest to execute. Despite the Fed speech, and the general market sentiment afterwards, I trusted my trade plan and what technicals were showing for this stock. Now we take profit and wait for another opportunity. Hope these ideas are helpful. The aim is to have a risk reward ratio of at least 1:2 or 1:3 so losses are covered and profits are compounded.