Using the fisher theory of ACD, i planned out my trade, however thankfully because i had Stops. I got out, and thankfully my account didnt blow. however predicting the market can always be hectic which is why i dont do that, i try to look for pullbacks, or swing trade. my main issue is holding my winning trades. Wednesday im going to be a bit bearish and lets see...
So today the opec+ made a decision on increasing daily production. Due to that there was a lot of movement in the market.
So yesterday saw highs of around 1788, i think im late to the party todat but i think its fair to assume that due to the bull volume the same range might be tested. I have taken an impulsive entry and maybe it was even an early entry but lets see how it goes now. ill give it another few hours.
Last wednesday when the fed got out of the 2 day meeting, they introduced their new approach on the dollar. The whole week bloomberg has been talking about how the fed is becoming hawkish. So today at Uk time 6pm, the head of the Fed, Powell (i think thats his surname) He will be speaking and normally when he speaks the market drops. So lets see how it goes.