not impressed with your prep today, u're expecting all this upside, mkt tested 1085 here this morning. would have been a hard pill to swallow trading off of those zones, jerry's zones were off by a handle as well.
Hello. Thanks for your comments. Lets see what happens today. The upside expectation was only if 1093.00 potential inside support held. That was invalidated pre-market. Check out the comments on prep. It is a bit complex today. Bias is down as long as 1097.25 holds. The 1088.75 minor support area washed out and held. Now we are rangebound. I detailed this in comments. I anticipated a tough area and had to do expanded comments. Since 1097.25 and 1088.50 both held we have a sideways contraction. Bias is sideways with neutral up or down bias. I am aware of the major exhaustive top but there is also a range expansion with 1088.50 minor support. I do believe this market will selloff soon. Jerry's zones are going to be wacky on a day like today because he is using Fibs more than actual structure.
You need to have a low before you can make a new high. You need to hit a new low in life before you can be the trader you want to be.
Note To Myself:
The first move and premise is always going to be the most correct and natural. Do not put yourself into a defensive position later in sequence because you cannot commit to the aggressive nature of a proper execution.
When you introduce a stop and a target/break even mechanism into a setup, the probability is that you lose or go break even in either direction most of the time unless you make a discretionary decision.
In trading, randomness almost always leads to losses and losses can lead to more randomness.
not impressed with your prep today, u're expecting all this upside, mkt tested 1085 here this morning. would have been a hard pill to swallow trading off of those zones, jerry's zones were off by a handle as well.
ReplyDeleteHello. Thanks for your comments. Lets see what happens today. The upside expectation was only if 1093.00 potential inside support held. That was invalidated pre-market. Check out the comments on prep. It is a bit complex today. Bias is down as long as 1097.25 holds. The 1088.75 minor support area washed out and held. Now we are rangebound. I detailed this in comments. I anticipated a tough area and had to do expanded comments. Since 1097.25 and 1088.50 both held we have a sideways contraction. Bias is sideways with neutral up or down bias. I am aware of the major exhaustive top but there is also a range expansion with 1088.50 minor support. I do believe this market will selloff soon. Jerry's zones are going to be wacky on a day like today because he is using Fibs more than actual structure.
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