Taken out in profit and we have reached a high of 37274 so far. Personally done trading for the day and will tape read NY open.
Keep a close eye on the current highs and the HTF RANGE WE ARE TRADING IN. HTF is leading...
Should be an interesting trading day as always so make sure to make the best out of it. Trading is all about GROWING YOUR CAPITAL but it should above all REMAIN A POSITIVE EXPERIENCE FOR YOU...regardless of your PNL...dissociate from it and TRADE the MARKET
Today at 8:30 am (NY time) unemployment numbers will be out so be aware of the likely manual interventions as always.... IT DOES NOT MEAN THE MARKET WILL GO CRAZY OR CHANGE THE WAY IT TRADES... everything but.... only means that moves may be amplified but the overall MARKET BRAIN (algos, composite man... however you call it) IS WHAT MOVES THE MARKET... no 'buying pressure'...'selling pressure'... 'retailers'... ' banks and institutions'... etc ..
Just think of it for a second...if these things ACTUALLY moved the market... no bank would ever lose in the markets.... no hedge fund would ever lose... and the market would only need a concerted effort from 'retailers' to move the market one way... it has happened before but let's keep it real... these are anomalies and they rarely ever sustain themselves... the market is ALGORITHMIC and our JOB as TRADERS is to find our SYSTEM and an HEGDE within the WILL OF THE MARKET...
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Keep a close eye on the current highs and the HTF RANGE WE ARE TRADING IN. HTF is leading...
Should be an interesting trading day as always so make sure to make the best out of it. Trading is all about GROWING YOUR CAPITAL but it should above all REMAIN A POSITIVE EXPERIENCE FOR YOU...regardless of your PNL...dissociate from it and TRADE the MARKET
Today at 8:30 am (NY time) unemployment numbers will be out so be aware of the likely manual interventions as always.... IT DOES NOT MEAN THE MARKET WILL GO CRAZY OR CHANGE THE WAY IT TRADES... everything but.... only means that moves may be amplified but the overall MARKET BRAIN (algos, composite man... however you call it) IS WHAT MOVES THE MARKET... no 'buying pressure'...'selling pressure'... 'retailers'... ' banks and institutions'... etc ..
Just think of it for a second...if these things ACTUALLY moved the market... no bank would ever lose in the markets.... no hedge fund would ever lose... and the market would only need a concerted effort from 'retailers' to move the market one way... it has happened before but let's keep it real... these are anomalies and they rarely ever sustain themselves... the market is ALGORITHMIC and our JOB as TRADERS is to find our SYSTEM and an HEGDE within the WILL OF THE MARKET...
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
