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In this post I am describing the markets language not hindsight trading.
It's important to be aware of what your interpretting thinking during the session, IE are you understanding ? what is going on or are you lost. weekly chart showing trend and strong buying candle
The real trade was long I was thinking this during the whole sell off at session start, then the coiling pattern give aways alluding to the possible low for the day.
I can understand anyone thinking that I am hindsight trading (easy to talk after its over) but I was thinking these thoughts before the right price action took place.
I get it wrong plenty of times
Here is a good quote I live by: I don"t think you can consistently be a winning trader if your banking on being right more than 50% of the time. You have to figure out how to make money being right only 20-30 % of the time. Bill Lipschutz
I might have to apologise ... is this your journal or a journal for ppl trading this index ?
Please clarify and perhaps I will start another thread with this post
Thanks
