RA
rat89
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everything has been pointing to a higher high, and I was thinking by late this week....now I'm on the fence about a hard pullback first into oe and a new high in early May.....what to do, what to do.....
Originally posted by jimkane
I see rat you posted the same idea I did right before mine posted.
JI
jimkane
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Posts: 33,089
And priceflow draws the snap reversal. I suspect it will do nothing into the cash close, but that would be a near perfect snap trap shakeout if it was to rise. But I'm not feeling it...
JI
jimkane
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Posts: 33,089
As I suspected, not up or down, just chop, until cash close. It just looked that way.
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, the most important thing for me, assuming I don't know, is to be able to estimate probabilities, look for a 'safe' place in, and then be able to read and accept (the latter is a big failing of many aspiring traders, IMO) what actually happens, and react accordingly (according to the 'Trading Plan'). That's all we can do as traders, and if the plan is a net positive outcome plan, that's all we need to do. Get in, deal with the ugly, and grind it out on the seats of our leather a#@es. That's my take.
