Good morning traders,
Same ol' stuff, different day. Still consolidating at the highs, likely to see some kind of push in the next two trading days to "clean up" this weak high.
You need to distance yourself as a trader from the result of the next trade, and think of the market in probabilities. The data shows that the probability of the market continuing higher is much higher than continuing lower.
Whatever happens in this particular trade, is irrelevant. Each trade is just 1 trade in a large sample.
Same ol' stuff, different day. Still consolidating at the highs, likely to see some kind of push in the next two trading days to "clean up" this weak high.
You need to distance yourself as a trader from the result of the next trade, and think of the market in probabilities. The data shows that the probability of the market continuing higher is much higher than continuing lower.
Whatever happens in this particular trade, is irrelevant. Each trade is just 1 trade in a large sample.