Hahhaha, yeah.....a fakeout almost tricked me into short!! but i manage to keep my calm and wait. Being patient does pays off sometimes.
breakoutfakeout
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@elonor88, Great! Fakeouts nearly always fail! They are for profit taking entries before the breakout lol not entering positions after;). Hope you managed to reverse your idea and enter a long.
breakoutfakeout
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@breakoutfakeout, breakouts fail I mean not takeouts lol. Fakeouts are great for counter trading !!!
elonor88
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@breakoutfakeout, Nah.... i didnt hv the guts to short or long. the market is too unstable for me. I just sat n watched the show. :)
I dont dare to long since OPEC+ is easing out by next week. Im not a pro. I do make wrong calls.
breakoutfakeout
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@elonor88, Even pro's make wrong calls, we just make enough good right ones to take a good living lol. I like your caution though, risk aversion is the hallmark of a good trader in my experience. Good luck for the future :)
breakoutfakeout
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Taking 75% profit here at 4160 (slightly below previous high and at 200 dma). See what happens to the rest