10.3.22 Looking for a long trade in natural gas: Showing the setup. The ES1! Has come to a 1.272 Extension which may be a reversal pattern... and requires some caution. If I were not in this market and I had to make the trade decision, I would be a buyer here with a small stop. If I was already a seller, I wouldn't have a large stop, but I might weather the drawdown that is about to happen. It it's just not an easy decision to make in my opinion... and that is the way it works at times. it could be my inefficiency as a decision maker, or could be mixed messages of the market, it doesn't matter... I tend to focus on avoiding painful drawdowns. If I don't lose money today, I'm around tomorrow or next week take the train when there's more certainly. In my early training there were times when I was too impulsive, and times when I did Revenge Trading.... very bad habits.
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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.