DislikedThe opening range was very bullish, but I think it's a trap. I'll look for short position only for now.Ignored
(1) Quoting your post. Why should we BIAS ourselves to look for short/longs? Let's just trade what's presented. I feel personally MY BIAS is swaying me to think against the market, when opportunities are presented (not matching my views). As the opportunities were in opposite directions. I still tried to convince myself, the CPI news is so strong & Inflation is high, market should tank. BUT it did not (it did as the news candle candle, but then recovered, and soared even higher). I lost trades these days. Instead I would want to condition my mind to trade what's presented. If I was a BUYer last few days I would have benefited, as market kept going up regardless of the downs I thought should be coming. Of course Friday/NextWeek could be a crash ... but hindsight I still lost last few days :-( :-(.
Would like to seek your thoughts, and if anyone else wants to chime in please !!
(2) "Keep in mind, any TA tools are useless in the current context". This sounds like dooms day :-) :-). again If I tie my questions to this comment, per my comments above on "1". I should trade THAT DAY, as presented to me. Are we hitting ourselves in the foot here ??????
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