GM Traders,
I will be catching up later today on the thread. Today's outlooks very bullish. Looks like the bulls got their act together and are now testing market highs. The bears came in the area of the round number 19900. The expectation is for a HL and new highs for today. Can the bulls do it? They should be able to so I will be more interested in longs overall but I will take a stab at a short or two if the price action tells me it's ok. The zones are the same as yesterday, I find no cause to change them. There is no scheduled volatility of any significance they would cause any craziness.
Clear swing here is very long here which causes huge issues with RR and my stops will have to be placed very carefully within the swing as I will not be assuming a adverse RR trade. This lowers the probability of success but I'm prepared to trade with this understanding. I will look for the strongest structure to the left closest to my entry as areas to place my protective stops.
I will be catching up later today on the thread. Today's outlooks very bullish. Looks like the bulls got their act together and are now testing market highs. The bears came in the area of the round number 19900. The expectation is for a HL and new highs for today. Can the bulls do it? They should be able to so I will be more interested in longs overall but I will take a stab at a short or two if the price action tells me it's ok. The zones are the same as yesterday, I find no cause to change them. There is no scheduled volatility of any significance they would cause any craziness.
Clear swing here is very long here which causes huge issues with RR and my stops will have to be placed very carefully within the swing as I will not be assuming a adverse RR trade. This lowers the probability of success but I'm prepared to trade with this understanding. I will look for the strongest structure to the left closest to my entry as areas to place my protective stops.
If you fail to plan, you plan to fail.