( circled ) here you are in no mas land half way in-between strong support and strong resistance, would you open a trade here? if you said YES then you really are gambling and should go to a casino, just ask yourself why would you throw money away on a trade that could go either way? you may as well put your money on RED or BLACK.
You have to be patient and wait for a retest of either support or resistance or set some orders around these levels so you can catch a good trade, you really need good self control in trading or it will f#@k you up.
Just remember you don't always need to have a trade open on your account, We have gone weeks without trading before either due to in correct market conditions, all our criteria's for taking a trade not been met or just down to personal circumstances, if you are not in the correct mind-set you will not make good trades, so step away from the markets until your head is straight.
I hope you take this on board... if not you will go over board hahaha you will walk the markets pirate plank... How can a plank walk the plank you ask yourself ;p
You have to be patient and wait for a retest of either support or resistance or set some orders around these levels so you can catch a good trade, you really need good self control in trading or it will f#@k you up.
Just remember you don't always need to have a trade open on your account, We have gone weeks without trading before either due to in correct market conditions, all our criteria's for taking a trade not been met or just down to personal circumstances, if you are not in the correct mind-set you will not make good trades, so step away from the markets until your head is straight.
I hope you take this on board... if not you will go over board hahaha you will walk the markets pirate plank... How can a plank walk the plank you ask yourself ;p