Learned something today – Make prediction and look for the overall trend

Make prediction and look for the overall trend

I realised the issue that I have is trying to play on the technical of the chart and didn’t look at the overall trend/ Chart.

Example:
If the share have an uptrend all morning and it is on its way up to the $10. Don’t short it on the way down even thought High Fast STO and High MACD is still going down. This is because this share will still run to $10 after the Fast STO reverse and MACD start to reverse. The reversal can be quick and you will end up breakeven or even a small loss on your short.

 

Timothy Sykes profit.ly profits

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s