When faced with crossroads like this, what do you do?
It can be a 50/50 chance that it goes either way, up or down. Sounds like a no-brainer, huh? Trying to pre-empt the move and getting it right may be ego-satisfying but in the game of trading, I have learnt to put ego at home and not mess with Mr Market. Let him decide and follow his direction.
That means, see which way it breaks out, up or down. Then let the price pulls back, and take your appropriate entry. This way, it minimise risk , avoid unnecessary risk and stress too. What do you think?
It can be a 50/50 chance that it goes either way, up or down. Sounds like a no-brainer, huh? Trying to pre-empt the move and getting it right may be ego-satisfying but in the game of trading, I have learnt to put ego at home and not mess with Mr Market. Let him decide and follow his direction.
That means, see which way it breaks out, up or down. Then let the price pulls back, and take your appropriate entry. This way, it minimise risk , avoid unnecessary risk and stress too. What do you think?
Comment:
seems well supported at the 2400 price zone. let's see where it goes next.