OK, I know you are all going to want to ask about the TS3 buys that unfolded on the 3min NQ a little later on.
Well, you should all be able to answer this for yourselves, because we have just seen how the 15min chart had just reached larger degree DP resistance and was now declining. So what was the “larger degree” trend at this time ? Exactly – down.
Yes, I know the NQ did rally later in the day, but trading is all about what you knew “at the time”, and yes, ,markets will go in the opposite direction than anticipated sometimes, this is just trading. Successful trading is not about trying to “predict” the future movement correctly, it is about Risk control, keeping your losses small and your profits large. This is something most Amateurs traders simply do not understand, you don’t have to “predict the future” to be a successful trader....
Thanks
Steve
Well, you should all be able to answer this for yourselves, because we have just seen how the 15min chart had just reached larger degree DP resistance and was now declining. So what was the “larger degree” trend at this time ? Exactly – down.
Yes, I know the NQ did rally later in the day, but trading is all about what you knew “at the time”, and yes, ,markets will go in the opposite direction than anticipated sometimes, this is just trading. Successful trading is not about trying to “predict” the future movement correctly, it is about Risk control, keeping your losses small and your profits large. This is something most Amateurs traders simply do not understand, you don’t have to “predict the future” to be a successful trader....
Thanks
Steve
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