Hi Everybody,
Yesterday was another hard day, with the markets just chopping sideways in narrow ranges. But then this should have come as no surprise after my comments yesterday – we are in the hard part of the cycle (Cyclical Nature of Trading) so you should all be prepared for a few harder days. This is just the natural way profits and losses unfold.
I did got a question yesterday on whether we could have avoided (or at least limited) the sells that did appear yesterday, for example on the 3min YM.
As you all know by now, it is always a good idea to keep an eye on the “larger degree trend” to see how the 3 and 5min signal “fit in” with the 15min chart. So onto the next post.......
Thanks
Steve
Yesterday was another hard day, with the markets just chopping sideways in narrow ranges. But then this should have come as no surprise after my comments yesterday – we are in the hard part of the cycle (Cyclical Nature of Trading) so you should all be prepared for a few harder days. This is just the natural way profits and losses unfold.
I did got a question yesterday on whether we could have avoided (or at least limited) the sells that did appear yesterday, for example on the 3min YM.
As you all know by now, it is always a good idea to keep an eye on the “larger degree trend” to see how the 3 and 5min signal “fit in” with the 15min chart. So onto the next post.......
Thanks
Steve
Posts
