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99.25-99.50 became resistance twice.

it was my initial target. 95.50

i am looking at counter trend today, but my shorts wont be more than 4-6 point targets, it is not advisable to be a bear today unless you have your finger on the trigger.

next support 00.50 stronger support @ 99.50-99.25

it broke the 03.50 support.

yup u r right, i see the traps.

me me me...ha ha i am out of long positions so counter trend is way to go.

as long as price stays in range between 2900.55 and 98.50 , ceiling pattern is forming, if it break higher or lower from now on before pattern is formed than its not valid ceiling.

just watch, because ceiling is forming on larger time frame. will know after few candles if pattern is formed or not.

target around 95.50 so far looks like it wont go too down unless something changes.

have to break below 99.00 new support formed at 99.00

its due for a down, 2900.75 looks like it bears can make a stand.

first support 96.75

short 98.50

looking to buy now.

bears dont have momentum. looks like it will go higher than 97.75. 95.25 bulls are not letting go. cant close a complete candle below 95.25 on my chart.

if closes below 95.25 convincingly i am starting short position.

97.71 so far has the most likely ceiling formation since open. could be good for range.

But you also have to look at the psychological side of trading when placing trades using both the strategies. In both cases, i am trying to look at the whole picture including the emotional side of trading using both strategies. As i am sure we humans are not immune to the fear of loss and the...

But where do you draw the line on draw downs when you just let the trade go instead of trying to salvage it. i have had some serious issues with drawdowns and still do. I am trying to figure out best way to manage draw downs.