I was wrong about bitcoin replacing paper money.
They mirror each other ! after all they are speculative they do well when the economy is in good shape and not so good when shit hits the fan.
In the meantime gold is making new highs since the 70s consistently, so is P&G
I was expecting it to test 886 but it went down from 850
I was prepared to go both ways if it tested 886 first I was going to sell if it tested 800 my initial exit I would have bought it from 800 and would have gone for 886.
but neither happened ...
but I managed to get in with the flow
bears are in control and their main level for now is 850
as for me I'm done for the day target well reached.
I've also realized one thing to not be "too greedy"
market will provide you with ample opportunities for 100p-150p and if you're patient compounding will take care of the rest just don't let greed wipe your account out fast and furious.
I'm good with 100p generally.
out for today and thats 40min of work I'm grateful
And after years of trial and error my final finding is as follows:
you think you can predict price movement ?
you think you can master a single pattern memorize everything about it and create an ATM ?
you think trading can be reduced down to logical explanations ... anyone who thinks that I have a problem with (now)
you think you can tame this beast with a hard stop ?
you think it will definitely respect a level ?
instead everything about trading is "uncertainty"
the fact you can't pin down anything makes it almost impossible
I myself have came to that conclusion numerous times almost gave up couple of times
I don't even know why I kept going against all odds
in the end I realized it wanted to teach me the biggest lesson of all
the mystery of life...
I don't know about you but I've always had a thing for intuition, I'm not the most logical person it makes a person so stiff
I've always waited until I got myself in with the flow
thats how I've learnt almost everything in life
as time went on a voice started appearing at first I pushed it aside because it wasn't rational
can't tell you how many times I've crashed because of that
but all the while it was trying to tell me
to trust that voice
call it intuition call it years of practice
probably a little bit of both
but that is what you're looking for if you're unsuccessful
and not a formula
some people just have a knack for it no doubt I think I did
but had to do the "hard" training
successful trading is reduced down to intuition and years of training
your stiff rules and regulations won't work
I tried it didn't