Check out today's action. A rush in the bull and then a fast bear drop. Those are volatile moves folks and volatility may indicate market tops. This is a very important rule that many people ignore. Thanks god, I made some pips today on the long side by jumping early in. My exit was a bit lowsy, but nevertheless I did not lose. Remember in the game of trading the MOST IMPORTANT THING is NOT to win but NOT to LOSE!. The first aim of a trader should be to preserve his/her capital. And if you can make a profit once in a while, then consider it a Bonus! This was an advice from a very famous trader that I have kept always in my mind.
Good luck and good trades.
Note: The Head and Shoulders (multiple shoulders) is NOT confirmed at all at this moment. I marked it up as convenience. Nut I could turn to be right. Let's wait and watch.
Good luck and good trades.
Note: The Head and Shoulders (multiple shoulders) is NOT confirmed at all at this moment. I marked it up as convenience. Nut I could turn to be right. Let's wait and watch.