We are in a big swing here..lots of lost souls.
Placing a trade here is questionable since we dont have a clear trend..or trends change like hats....
Placing trades model seems to have changed a bit during this economic period.
I see those that use indecision as a tool, tend to be rewarded if you use it as shown below. Boundries of doubt are greater in range during these economic periods.
The Herd mentallity has no clear direction and so ANY news REVERSES previous decisions. And so we remain in the period of INDECISION. We flinch at any news or movements.
Breakouts tend to be the only reallity approaching normality.
This is common in a period of uncertainty. This is what I mean by taking advantage of the HERD Mentallity.
Observations:
1. Chasing Trends is unproductive
2. Day Trading..or Scalping is safest
3. Do not trade during important news reports
4. Get out of trade asap
5. Placing +BE asap is critical
6. Entering and reversing directions at highs and lows with tight SL tends to rewarded best.
A graph illustrates how we are trading mostly in the "Region In Question"
This why I sometimes find myself falling into the trap of ...chasing the news.
Placing a trade here is questionable since we dont have a clear trend..or trends change like hats....
Placing trades model seems to have changed a bit during this economic period.
I see those that use indecision as a tool, tend to be rewarded if you use it as shown below. Boundries of doubt are greater in range during these economic periods.
The Herd mentallity has no clear direction and so ANY news REVERSES previous decisions. And so we remain in the period of INDECISION. We flinch at any news or movements.
Breakouts tend to be the only reallity approaching normality.
This is common in a period of uncertainty. This is what I mean by taking advantage of the HERD Mentallity.
Observations:
1. Chasing Trends is unproductive
2. Day Trading..or Scalping is safest
3. Do not trade during important news reports
4. Get out of trade asap
5. Placing +BE asap is critical
6. Entering and reversing directions at highs and lows with tight SL tends to rewarded best.
A graph illustrates how we are trading mostly in the "Region In Question"
This why I sometimes find myself falling into the trap of ...chasing the news.
Attached Image