Hi Everybody,
As I suggested last week, we are now in the hard / quiet part of the cycle (Cyclical Nature of Trading), so it is not surprising that things are quiet at the moment. BUT, as we have seen so many times before, it is not that we know that soon we will come back into the good (and profitable) part of the cycle when we will get a string of good and profitable trades. So it is now that all professional traders get more alert to setups, and amateur get bored. This is the difference between professional who understand that trades go in “cycles” and amateurs who have no understanding of how markets unfold in the “real world”
Notice how the 15min trend was down into the DP buy on the 15min NQ chart which then turned the larger degree trend up later in the day on Friday.
Thanks
Steve
As I suggested last week, we are now in the hard / quiet part of the cycle (Cyclical Nature of Trading), so it is not surprising that things are quiet at the moment. BUT, as we have seen so many times before, it is not that we know that soon we will come back into the good (and profitable) part of the cycle when we will get a string of good and profitable trades. So it is now that all professional traders get more alert to setups, and amateur get bored. This is the difference between professional who understand that trades go in “cycles” and amateurs who have no understanding of how markets unfold in the “real world”
Notice how the 15min trend was down into the DP buy on the 15min NQ chart which then turned the larger degree trend up later in the day on Friday.
Thanks
Steve
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