See chart.
NOTE : The thing about charting is IT IS BASED on probability based on historical price actions and patterns. But the market is forward looking and to restrict oneself to say that if the price moves to A, then it would goes to B, then C is not only myopic but also underestimate the Market which is ever changing.
Price action could very well not touched the support line before retrace higher. Or price may not necessarily hit the 50% or 61.8% FIB level as precisely as we would like it to be. IT IS A GUIDE only.
When one trades on a larger time frame, then the short term price movements would matters less as you are concerned with the overall direction of the product you are trading.
I have find my heart beating way too fast and my emotions go haywire the time when I tried trading 15 minutes time frame or less. Sometimes, after keying in the order, I am already stopped out!! OUCH!!!
Leave this fast trading game to the experts who can make millions trading thousands of trades a day. They earn their marks through years of practice , I am sure.
NOTE : The thing about charting is IT IS BASED on probability based on historical price actions and patterns. But the market is forward looking and to restrict oneself to say that if the price moves to A, then it would goes to B, then C is not only myopic but also underestimate the Market which is ever changing.
Price action could very well not touched the support line before retrace higher. Or price may not necessarily hit the 50% or 61.8% FIB level as precisely as we would like it to be. IT IS A GUIDE only.
When one trades on a larger time frame, then the short term price movements would matters less as you are concerned with the overall direction of the product you are trading.
I have find my heart beating way too fast and my emotions go haywire the time when I tried trading 15 minutes time frame or less. Sometimes, after keying in the order, I am already stopped out!! OUCH!!!
Leave this fast trading game to the experts who can make millions trading thousands of trades a day. They earn their marks through years of practice , I am sure.
Comment:
Praise Lord, it hit the target as we wanted. See the last red candle ? It is a pin bar, bearish in nature, meaning profit taking or sellers are coming in. So again, take your profits and adjust your SL
Comment:
Unbelievably strong, Praise Lord for the bullishness...
Comment:
Praise the Lord for it never fails on his words. Congrats to those who followed
Comment:
IF 126.05 support can hold, then we can witness another rise up.
Comment:
Those who are patient and followed my trade call last year would be happy to know their commodities are doing well.
If you have not get into the action, don't chase the price and buy at high level. Again , wait for the retracement and look at the price action first. No need to hurry, no need to get too hype up just because it went up and you are not in the picture.
Have a abundant mentality not one of scarcity. Be aware of the fear of missing out syndrome playing in your mind, acknowledge it and crush it before it leads you to more harm.