Hello dear traders i hope you were not affected by recent drop.
About a week ago i advised everyone not to trade this market neither short nor long becuse it's too risky for both sides. So what have should we do? I told you stay aside and wait for global trendline breakout.( i tagg that post below).
What to do now? Now we should stay aside as we did. It's so simple and it's easy to do you do nothing UNTIL this trendline is broken. Maybe this is the bottom but we do not buy UNTIL this trendline is broken.
In every drop and every midterm correction we only will be looking for clear GLOBAL PATTERNS like a big falling wedge, a global trendline, a big descending channel which price hits its top many times etc.
So if you have a clear long term pattern trade it if you don't have it stay aside and watch. DO NOT trade local petterns and short term ones because in most of cases they will give you fake results. When people are trading and loosing money and market makers beat them hard you just watch and wait for a clear longterm pattern breakout. This is how you can survive in this choppy market.
If you liked this post push the like button and tell me do you like to know how to exit the market right before a big correction?
About a week ago i advised everyone not to trade this market neither short nor long becuse it's too risky for both sides. So what have should we do? I told you stay aside and wait for global trendline breakout.( i tagg that post below).
What to do now? Now we should stay aside as we did. It's so simple and it's easy to do you do nothing UNTIL this trendline is broken. Maybe this is the bottom but we do not buy UNTIL this trendline is broken.
In every drop and every midterm correction we only will be looking for clear GLOBAL PATTERNS like a big falling wedge, a global trendline, a big descending channel which price hits its top many times etc.
So if you have a clear long term pattern trade it if you don't have it stay aside and watch. DO NOT trade local petterns and short term ones because in most of cases they will give you fake results. When people are trading and loosing money and market makers beat them hard you just watch and wait for a clear longterm pattern breakout. This is how you can survive in this choppy market.
If you liked this post push the like button and tell me do you like to know how to exit the market right before a big correction?
