Good morning, I've stopped trading weekends and started to just sit back and watch how price action unfolds going into the following week.
My bias has not changed (bearish) as long as we're trading below $40,000 I've got no reason to switch my bias (this would be emotional trading) and i've created this plan and will stay solvent until the markets show signs of my plan starting to play out.
Congrats to those who traded my head & shoulders call yesterday (bearish scalp) I took another scalp long but didn't have have time to post TA here on tradingview.
The weekends have almost 2x less than the usual liquidity which allows the market makers to paint a narrative based on false moves (setting the other side of the trade up for failure)
I'm waiting until Sunday before making a decision for the following week (expecting usual weekend price action ~ irrational) to continue like usual.
My target is $32,555 (if $35,000 fails to hold on the 2nd support test)
My bias has not changed (bearish) as long as we're trading below $40,000 I've got no reason to switch my bias (this would be emotional trading) and i've created this plan and will stay solvent until the markets show signs of my plan starting to play out.
Congrats to those who traded my head & shoulders call yesterday (bearish scalp) I took another scalp long but didn't have have time to post TA here on tradingview.
The weekends have almost 2x less than the usual liquidity which allows the market makers to paint a narrative based on false moves (setting the other side of the trade up for failure)
I'm waiting until Sunday before making a decision for the following week (expecting usual weekend price action ~ irrational) to continue like usual.
My target is $32,555 (if $35,000 fails to hold on the 2nd support test)
Trade active
I won't be giving todays PA any type of concern/attention, will post attachments to this post today around daily close and tomorrow for the weekly close.
Trade active
Trade active
its only a matter of time
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Trade active
100 day moving average is nicely flowing with the market conditions
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Trade active
Trade active
right on schedule going into sunday...
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Trade active
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.