Any Instrument – Discussions on Price Action, Technical & Fundamental Analysis
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US30 open in 12 mins (after yuor post) or do you give the open a miss??
Or is doggy walk a very quick one?? 🙂
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The dog has to get priority, usually I’ll wait for the big move losing momentum and going close to support or resistance and reverse it for a few quick points not today though unfortunately! I need to train the dog to stop clockwatching when its his time to go, because I was away from trading so long he is in the habit of going right before market open! bit of a pain too be honest but how can I refuse that wee face LOL
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Psychological game this is! have you ever tried to change someone’s belief on religion? Think of how hard that would be! same with markets, if you have a belief on a market going a certain place, even though price starts going the opposite way we hang in there until we need to start using that religion and praying for it to come back! moving stop losses in the hope it returns and talking to ourselves to try to confirm our previous analysis and all the while price just keeps going against us. Go with the flow of the markets, if you get it wrong be quick to admit to yourself that your original belief has to be wrong at this moment in time and do something about it! even if its reducing the size of the position until the market swings. Is better to take less of a loss than hang on to a false belief and empty the account trying to prove the market wrong.
Just my own opinion
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