Can it break out and go parabolic? Yes, it is possible. But what is the odd and what happens next? no idea. Go ask central bankers. Need gut and imagination to trade this kind of market.
why, would be great to score 10% more - or, are you afraid of the fall it may have after ;)?
CosmicDust
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I had expected it a down day today, but it went up big - might just my ego, which really means nothing to the market.
A-shot
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Do you find it better to trade on expectation or on what charts and indicators say? I find myself regreting not acting on expectations and experience, instead i follow the chart - so if my rules dont say a sell while i see a sell, im in a heavy decision mode
CosmicDust
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This is hard to answer. I think one has to be consistent with his trading system without being affected by emotions (fears/greed) and knows what to do if wrong before hand. One trades with expectation to win, but must be aware that expectation can be wrong.
A-shot
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Then your idea is legit until proven wrong , innocent until guilty
CosmicDust
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Agree, like if price stays above support line, hold tight; if price falls under support line, sell... something like that.