DislikedWeekly summary No Bias week This week was a good opportunity in learning the importance of waiting for good locations to take a trade even though the rules allow to take a trade. I took two trades. First one: The price broke down on Monday but failed to hold below. It immediately rejected and came above. ON Tuesday, I had taken a trade as per the rules of the exercise but price was at the swing low where there was a higher chance for price to change direction. It did and I closed the trade when price held above the S50. Now looking back at those...Ignored
That is the key to all of this. We can always take a trade, but we shouldn't always take a trade. We need to wait for good locations, and as you have been experiencing, this means different things based on how price is moving.
That's really it.
Be bullish on you.
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