Hi Everybody,
Yesterday was a good example of a day that could have been very good, when viewed with an experienced and Advanced eye. On the surface, there were 4 -1R losses on the 3min YM. BUT, you should always be very wary of any day that has such a Big Gap Up on the open, usually these get closed. So this mean that a decline after the open as likely yesterday. So you should have been very cautious about any Buy set-ups.
This is where experience comes in, and experience is something that you will all gain over time of seeing and studying the market day after day.
Also, as we will see in the Advanced Blog, the 15min YM (on the 24hr chart) also gave us advanced warning of the decline to follow.
Thanks, Steve
Yesterday was a good example of a day that could have been very good, when viewed with an experienced and Advanced eye. On the surface, there were 4 -1R losses on the 3min YM. BUT, you should always be very wary of any day that has such a Big Gap Up on the open, usually these get closed. So this mean that a decline after the open as likely yesterday. So you should have been very cautious about any Buy set-ups.
This is where experience comes in, and experience is something that you will all gain over time of seeing and studying the market day after day.
Also, as we will see in the Advanced Blog, the 15min YM (on the 24hr chart) also gave us advanced warning of the decline to follow.
Thanks, Steve
Posts
