A small recap of the trade I took on Euro, there is much more that goes into this.
But some of the basic principles are to trade-in ranges that are easily filled and justifiable. Notice how price traded aggressively through this range before, there was little price action to support a decline. If you look back previously to this 4H level it did the same thing months ago.
Look for opportunities that speak to you. "This will be bearish until here when I see this..." think like that, never as absolutes only probabilities... Run through the mental gymnastics, oftentimes one opportunity can be perceived as bullish or bearish depending on the viewer. Try to see the other side. If you cannot it's a good trade, take the trades up until you can see the other perspective that is when you get out.
I could've gone long or short today I had scenarios laid out for both, be patient and let the market speak to you.
But some of the basic principles are to trade-in ranges that are easily filled and justifiable. Notice how price traded aggressively through this range before, there was little price action to support a decline. If you look back previously to this 4H level it did the same thing months ago.
Look for opportunities that speak to you. "This will be bearish until here when I see this..." think like that, never as absolutes only probabilities... Run through the mental gymnastics, oftentimes one opportunity can be perceived as bullish or bearish depending on the viewer. Try to see the other side. If you cannot it's a good trade, take the trades up until you can see the other perspective that is when you get out.
I could've gone long or short today I had scenarios laid out for both, be patient and let the market speak to you.
