This is a setup based on price action as it has been printed in the past. PCE data comes out tomorrow, we could see a push to this point of interest that I have the sell limit placed in.
Price could easily push through here since we have a very tight stop loss on it as usual.
But trading isn't about being right all the time.
It's about being right in a huge way when you are.
Risk to reward is the best KPI for a trader.
Many beginners focus on trying to make a trading strategy "100% accurate" when it is just not possible.
Even the banks lose.
Stop chasing the holy grail of trading and focus on honing one trading strategy.
When you stop chasing shiny objects in this field, you find the success you are looking for much faster.
Price could easily push through here since we have a very tight stop loss on it as usual.
But trading isn't about being right all the time.
It's about being right in a huge way when you are.
Risk to reward is the best KPI for a trader.
Many beginners focus on trying to make a trading strategy "100% accurate" when it is just not possible.
Even the banks lose.
Stop chasing the holy grail of trading and focus on honing one trading strategy.
When you stop chasing shiny objects in this field, you find the success you are looking for much faster.
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Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)