The price was recently body slammed. The drop landed on the previous gap that is a natural price magnet
At this zone, there could be a break of the Level. If this happens, we want to be short. All the while, account protection is the key!
The key to good trading isn't the ability to find and call all the levels. The key is to find ways to consistently make money - regardless of what the price does! Price action and volatility show you the way to make a trade while the trade management and account protection are the arsenal of your trade!
Make account protection the most important consideration in your trades, you should be able to make a RRR of 1:5 in your trades! You trade in the direction of the trend, but you don't need to trade the trend itself. What I mean to say is, if you want to make High Velocity Trades, you should only be able to utilize the trend to reach a certain profit target determined by your RRR. A seasoned trader is able to consistently double an account with less than 10% draw-down because they trade in the direction of the trend! It doesn't matter what Trump is going to say or what Walt Disney is thinking. The most important thing is account protection.
If you really dig deep into this topic, you may have found yourself troves of gold!
At this zone, there could be a break of the Level. If this happens, we want to be short. All the while, account protection is the key!
The key to good trading isn't the ability to find and call all the levels. The key is to find ways to consistently make money - regardless of what the price does! Price action and volatility show you the way to make a trade while the trade management and account protection are the arsenal of your trade!
Make account protection the most important consideration in your trades, you should be able to make a RRR of 1:5 in your trades! You trade in the direction of the trend, but you don't need to trade the trend itself. What I mean to say is, if you want to make High Velocity Trades, you should only be able to utilize the trend to reach a certain profit target determined by your RRR. A seasoned trader is able to consistently double an account with less than 10% draw-down because they trade in the direction of the trend! It doesn't matter what Trump is going to say or what Walt Disney is thinking. The most important thing is account protection.
If you really dig deep into this topic, you may have found yourself troves of gold!
Comment:
Price bounced at the support zone a second time and failed to break the zone. at the moment, price is ranging and neither side is in control.