Folks,
Morning from the lovely Netherlands.. How is your mindset today are you in that winning state???
Honestly HOW DO YOU FEEL?? This is seriously a very important question.
Because when you don't feel any good than what is the chance that you will have a good day trading? IS it wise to trade when you don't feel good?
This is a question I ask myself everyday.. How do I feel while meditating in the morning.. And seriously trading starts with your mindset and the way you feel.
Because when you feel good and are in that winning state then you see chances, chances see you and reach out to you. When I was reading the book of Mark Douglas --> Trading in the zone
He described this and while reading I didn't understand it. But with experience and being in the market and logging the way I feel daily before starting analyzing my charts and days. Has helped me to gain insight in myself. This takes a lot of discipline to do it day in and day out but I swear you will benefit from it not only in trading but in life, generally speaking.
OK jump in to the chart.. As you know I trade with the 4 hour and daily charts..
All what I explain here is my opinion and decision taking that is based on the knowledge I have gained and the experience.. It is good, for you, to question things I say or write down.. Do your own research.
But what I see in the 4 hour chart is profit taking from yesterday and that is normal as do prices never fly in a straight way up or down. The three white candles is a bullish reversal candle pattern (bullish) called the THREE WHITE SOLDIERS
We are testing the support line and even the 50 day MA. If we hold this and the next 4 hour candle hold it or even closes higher than we can look back up again.
There must be a price that confirms we are bullish again and it should close between $43.75/$44.-
If we don't manage the hold support be aware of moving 2nd support be aware of moving even lower..
But combining all the technicals in combination with candlestick patterns and methodology I expect price to hold support and 50 day ma and will move higher and breaking resistance..
But as in trading nothing is sure unless it has happened..
Quote of the day;
Do more of what works and less that doesn't work.
Morning from the lovely Netherlands.. How is your mindset today are you in that winning state???
Honestly HOW DO YOU FEEL?? This is seriously a very important question.
Because when you don't feel any good than what is the chance that you will have a good day trading? IS it wise to trade when you don't feel good?
This is a question I ask myself everyday.. How do I feel while meditating in the morning.. And seriously trading starts with your mindset and the way you feel.
Because when you feel good and are in that winning state then you see chances, chances see you and reach out to you. When I was reading the book of Mark Douglas --> Trading in the zone
He described this and while reading I didn't understand it. But with experience and being in the market and logging the way I feel daily before starting analyzing my charts and days. Has helped me to gain insight in myself. This takes a lot of discipline to do it day in and day out but I swear you will benefit from it not only in trading but in life, generally speaking.
OK jump in to the chart.. As you know I trade with the 4 hour and daily charts..
All what I explain here is my opinion and decision taking that is based on the knowledge I have gained and the experience.. It is good, for you, to question things I say or write down.. Do your own research.
But what I see in the 4 hour chart is profit taking from yesterday and that is normal as do prices never fly in a straight way up or down. The three white candles is a bullish reversal candle pattern (bullish) called the THREE WHITE SOLDIERS
We are testing the support line and even the 50 day MA. If we hold this and the next 4 hour candle hold it or even closes higher than we can look back up again.
There must be a price that confirms we are bullish again and it should close between $43.75/$44.-
If we don't manage the hold support be aware of moving 2nd support be aware of moving even lower..
But combining all the technicals in combination with candlestick patterns and methodology I expect price to hold support and 50 day ma and will move higher and breaking resistance..
But as in trading nothing is sure unless it has happened..
Quote of the day;
Do more of what works and less that doesn't work.