CLF- Waiting For Outcome For Possible Long Or Short Trade
Friends,
CLF. There's reasons to go long and short. Depending on what happens in the next few days. Some traders can't handle changing sides in a heartbeat because it defies the natural course of thinking. Almost all traders will have a bias and become attached to it, ignoring what the chart is actually portraying.
Here, if we break 4.50, I'm going short, if we break 5.45, i'll go long. Simples. (Providing we see the right candlestick signals going in those directions.)
Why would I go short if that small internal channel range was broken? If any of you figure it out i'll be impressed.
Good luck traders.
Tom
CLF. There's reasons to go long and short. Depending on what happens in the next few days. Some traders can't handle changing sides in a heartbeat because it defies the natural course of thinking. Almost all traders will have a bias and become attached to it, ignoring what the chart is actually portraying.
Here, if we break 4.50, I'm going short, if we break 5.45, i'll go long. Simples. (Providing we see the right candlestick signals going in those directions.)
Why would I go short if that small internal channel range was broken? If any of you figure it out i'll be impressed.
Good luck traders.
Tom