Moment of truth

3 янв. 2014 г.

Trading top and bottom really takes time because the price could be pushed to new high/low before it's finally reversed just to trap traders on the wrong side. I was stopped at b/e and will be watching price closely. Honestly the risk to the downside is limited it's just like 100 pips away but the risk to the upside is huge as we are in weekly support at the point of time. So I'm now buying new low or waiting the price to break the range bound first then will buy pullback. This to eliminate risk of being chopped with lost of direction and stop loss.
Focus in protecting capital instead of gains, limit loss and ride winner. No such thing as crystal balls so waiting market to show its cards here.