one very simple strategy that works very well, but requires you
to be patient and wait for the setup, but works, is taking
objective long or short trades near the 61.8% Fib retracements,
they are very high probability. Again, requires you to wait for
them and being patient, like lion waiting in the weeds for the
right opportunity like a sick older animal or young not able to
keep up with the herd, vs just chasing any pray that walks
by.
Patience and waiting for the right setup is one of the hardest
things to do for most. Again that's with whatever your strategy and
setup is - waiting for it and not doing trades just to do
trades
one very simple strategy that
SPX 3 and 5 min
Posted by matt on 27th of Sep 2022 at 11:30 am
one very simple strategy that works very well, but requires you to be patient and wait for the setup, but works, is taking objective long or short trades near the 61.8% Fib retracements, they are very high probability. Again, requires you to wait for them and being patient, like lion waiting in the weeds for the right opportunity like a sick older animal or young not able to keep up with the herd, vs just chasing any pray that walks by.
Patience and waiting for the right setup is one of the hardest things to do for most. Again that's with whatever your strategy and setup is - waiting for it and not doing trades just to do trades
Yes, thanks for pointing that
Posted by retirefire on 27th of Sep 2022 at 11:33 am
Yes, thanks for pointing that out, Being wave 4 at the fib and failure above, I projected a downward move