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Thursday, January 14, 2016

AMERICAN OPENING

The American opening has been synonymous of volatility for DAX.

The session started on the bearish side but when the price reached important support of the European session, the prince bounced.

From that moment the price made a bullish rally, but according to what I need, there was no chance for entry. The price has gone up very overlapping and without testing previous areas exceeded.

16:43, It would have been good area to enter long but I was expecting the price below, specifically in 9804, testing the large volume of 16:25; It didn't...so "hands up".

Sometimes, when we see that the price escapes us and it seems not giving us entry,  can cause us anxiety to enter and end up doing it in a horrible place. Be carefully with this stuff, many accounts have flown by this (I know what I am talking about).



Just for today, thank you for reading and good trading.

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