Why Your Best-Laid Plan Falls Apart the Moment Markets Get ScaryYou built the plan on a quiet Sunday evening. Entry, stop loss, take profit, position size.
You identified support levels, the price zones where buyers have historically stepped in to halt a decline. You noted resistance, the ceiling where sellers tend to show up.
The setup was clean, logical, and backtested. By Monday morning, gold OANDA:XAUUSD was out and about whipsawing and crushing your best-laid plan.
That’s trading in a stressed market. It’s where the rules exist, but they don’t ap
Scary
Be smart, be a Reef SharkReef Sharks is a very intelligent animal that kills every scary fish in the sea.
If you are a panic seller, Reef Sharks will kill you.
Reef Sharks open their big mouths and eat fully scary fishes shoals and their plancton bags.
Be smart, be a Reef Shark.
RLong
DJI: Kill zone ahead - scary stuff! It's a kill zone. But note carefully there are losses here.
You can't win in this business unless you're prepared to lose! I would welcome arguments on that one.
The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the loss stay out.
In this position I cannot predict that price will fall nor can I predict that price will bust up and through the kill
MGM - Divergence was corerct. How low will it go now?Hello Investors,
Last time I made a bold statement that probably was distasteful to read. However the divergence we looked at did work and MGM did drop, I'm happy about that turnout. I didn't make any money on the drop, but it tells me I'm in harmony with the market sentiment at the moment.
Looking at the current 200 MA (close), I think the price will gravitate towards the 200MA. I'm pondering the questions, "How low will it go before it goes back towards the 200MA?".
MGM is a CASINO, it w
OMXS30 Monthly - Yet another scary looking chartBottoms show a resistance (blue, striped line).
Red shows a bearish triangle forming. If coming true, target would be around 840-850 around the year 2020/21.
Pink show's bearish target.
Current uptrend (monthly) shown with Inside Pitchfork (started in beginning of 2009). There is also a chance we continue going up, but remember: What goes up also comes down.
Orange striped line from peaks of both past financial crisis' show another resistance.
Stay safe, comments welcome :)















