I don't really think this Update is necessary, but since there is always a lot of noise in fintwit, I will try to remember and specify something else my idea
In this medium-term trade, TP1 (Main) ✅
Now I'm looking for a bearish continuation (especially TP2)
Current situation:
The key is to break below 16049 tomorrow (the earlier the better for the move)
In this case we have:
16010/00 as first TP (intraday) (unimportant if we have a lot of movement tomorrow, and with a possible bounce to 16049/72)
Nov 19, 2021 • 23 tweets • 5 min read
#DAX Hello friends! Like I said yesterday, time to review...
TP1 (Main) ✅
I put these images, but I recommend carefully reading all the previous tweets
And now... Long thread (again🤦🏻♂️😂) 👇 1) Yesterday:
We briefly traded below 16224, but it was not the time to go to TP1 (intraday levels aside, unpublished)
Important to see as I had already commented, that after that it was not ruled out to go back to the top (see image above)
Nov 18, 2021 • 6 tweets • 1 min read
As part of these nightly tweets that I do these days ... today:
THE BAD TRADER
The bad trader makes a series of generally known mistakes, today I will try to delve a little into mistakes generally less obvious to some traders 👇
1)The bad trader chases the price, always follows the price in the markets movements
2)The bad trader denotes excitement on the days when the market makes important movements, loses control over itself
Some explanations using the latest proposed bearish trade
Probably some traders do something similar, or will do it in another way, they may even disagree...
It doesn't matter, it is just my vision and I think it can be a help for other traders
(2/16)
CHART 1:
Simply the evolution of the trade and all the zones and indications proposed
Highlight Moment: When TP1 hit and price rapidly bounces, a common temptation is to expect a strong bullish momentum, in the session and in the medium term
This is a time when many of you think, after a 150 point trade (respecting my TPs), that you have to continue in the market ... some thinking about bigger falls, others about buying the bounce, right?
For me, here are three long-term psychological failures to be consistent:
1) Yesterday:
(2/16)