The Market can feed everyone but it's not not the market's duty. The market's duty is to provide a playground for a fair auction to take place. The conditions and the rules at the playgorund change from time to time but principles never cease to exist. The market needs liquidity to trend and it's the losing trader's emotion that fuels that. The market will achieve it's own goals just as mother nature and the dragon of time will eat us all. The market is a neutral entity and not one of us as participants are immune to it's wrath. Respect the market as it can stay irrational longer than you can stay solvent. Pay close attention to money management and/or Position sizing because it will help you attain your goals.
With all that said I have outlined my favorite level's on the chart.
There are traders buying the high and the market will not make it easy on them.
Or maybe the market breaks everything like the night king in Game of thrones.
All you should do is take good risk/reward ideas. Create a system suited towards your
personalities and inclinations. Orient yourself to what is most comfortable but be pro-active with your
entries. Cut your losses short and let you profits run. Don't cut your winners just because you want to be right about the direction.
Pay yourself for the time you spend in front of the screen.
I have other obligations but the way I would go about trading interest rates would be to wait 1Hr after the news. Once the market has decided the direction, I lower my position size and follow my system's entry technique for trading with momentum. Additionally, If the market reacts off one of my level's I will anticipate a double top/double bottom. Safe Trading.
With all that said I have outlined my favorite level's on the chart.
There are traders buying the high and the market will not make it easy on them.
Or maybe the market breaks everything like the night king in Game of thrones.
All you should do is take good risk/reward ideas. Create a system suited towards your
personalities and inclinations. Orient yourself to what is most comfortable but be pro-active with your
entries. Cut your losses short and let you profits run. Don't cut your winners just because you want to be right about the direction.
Pay yourself for the time you spend in front of the screen.
I have other obligations but the way I would go about trading interest rates would be to wait 1Hr after the news. Once the market has decided the direction, I lower my position size and follow my system's entry technique for trading with momentum. Additionally, If the market reacts off one of my level's I will anticipate a double top/double bottom. Safe Trading.
Comment:
Price dropped as anticipated. This move was more about ann imbalance of demand that needed to be cleared out. In Plain words, some market participants got rekt buying the High and/or holding the bag. Price returned to what has now turned into a S/R Zone at 1.08137 as price bounced off of it and closed above this Daily Level. If you look at the Daily timeframe , you can observe that 1.0837 Daily Level was created on May 23rd ( 3 weeks ago)
