After predicting a move higher over the weekend but not listening to my instinct at this crucial moment yesterday, when I reversed my position from long to short, I will be sitting on my hands until I can determine what the smart money intends to do with the longer term.
We saw a nasty bear trap on the TL bounce as indicated on the chart, and with the lack of follow through and reversal candle present, I knew there was trouble but DID NOTHING ABOUT IT. As a result I gave the market a solid 157.6 pips yesterday, seeing me stopped out by a mere 12 pips before (you guessed it), ANOTHER REVERSAL. Livid haha.
Today is a new day, and a new trading idea - good luck and god speed.
We saw a nasty bear trap on the TL bounce as indicated on the chart, and with the lack of follow through and reversal candle present, I knew there was trouble but DID NOTHING ABOUT IT. As a result I gave the market a solid 157.6 pips yesterday, seeing me stopped out by a mere 12 pips before (you guessed it), ANOTHER REVERSAL. Livid haha.
Today is a new day, and a new trading idea - good luck and god speed.
