In this scenario the market is looking very nice for the drop, the only thing that we need to wait is a confirmation from the lower timeframe. There are some traders who are easily captured by the market by just taking a trade when they see a candlestick moving with an impulsive run.
They don't care about good positioning to enter the trade. They just trust everything in the market, and when the result is negative for that particular trade, they go back to the chart to analyze the market again, ending up with blame and revenge on the market.
In every position that you look to execute, you need to calculate risk and the risk is not only in the capital you are trading but also in the processes you did before taking that trade! I talk things like, multi-timeframe analysis, and the though process as well.
Let's look at this with a close eye guys! God bless
They don't care about good positioning to enter the trade. They just trust everything in the market, and when the result is negative for that particular trade, they go back to the chart to analyze the market again, ending up with blame and revenge on the market.
In every position that you look to execute, you need to calculate risk and the risk is not only in the capital you are trading but also in the processes you did before taking that trade! I talk things like, multi-timeframe analysis, and the though process as well.
Let's look at this with a close eye guys! God bless
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.