Dentalfloss
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Ha - My favourite debate, "Trend" - this is so subjective - and its a term used by traders to resonate their decisions. Its all relative to when you get in and out - what is your horizon? You will always find a trend -
Take a look at these charts - are these in an up trend or down trend??
5 sec chart - down trend BUT you need to make fast decisions to trade within the trend.
So you see counter, I see "enter on a test of a recent high/low" - this enables the opportunity for a tiny stop, and the added bonus of finding out within a minute if you are wrong lol 😉
Not for everybody, each to their own as always.
boom, that was some pump
I just underestimated what was left in terms of buying. Nothing lost - tomorrow the same situation occurs and each trade will go +20.
I see a long in the YM before it breaks the opening range high which looks much safer than countering...the high of day after the Fed comment a much easier sell than your short term ones. Down to personal skill really, I can see some structure but not consistent enough executing it, have to force myself to not act on most of the information I see and keep it to the very high probability only, or fingers burned.Off my head (so dont quote me lol) 5 days out of 20 (months trading) will be like this. Limit losses (or even make a few) on these days - and you have the other 15 to clear up!