FTSE100 And Price Action/Probability
This chart is a clear display of how markets work in simple terms.
The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next,
That is also, simply, the point of price action.
So when something happens so many times.. Do not be surprised if it happens again. And do not bank everything on it just because it is 'probable'.
Risk much be associated to the risk of the market setting and you must be prepared for a failure of any level with further risk plans.
The fact is, your job is to look for repetition. Repetition directly correlates to probability, as it is your bread and butter for understanding what is next,
That is also, simply, the point of price action.
So when something happens so many times.. Do not be surprised if it happens again. And do not bank everything on it just because it is 'probable'.
Risk much be associated to the risk of the market setting and you must be prepared for a failure of any level with further risk plans.
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Looking short.
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Entered across portfolio(s).
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TGT much lower (Swing)
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Exit for gains.
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Re shorts reasonable higher 7680.
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Maintaining short bias. Awaiting sentiment for falls.
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Still holding. News sentiment required.
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Exit for gains.
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Now is your chance again to trade with reality and enter short bias with the same reality.
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Out for gains this AM again.
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And re shorts.
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Holding Post budget.
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Further RE shorts.
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And more @ key W levels.
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Free Discord Secret Server:
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Daily Mentoring On Zoom:
bit.ly/prottm
Posts Not financial advice.