It has been a very lackluster day on the market. So far I have only seen two quality trade and my order did not get filled as it was above where price went.
I think that investors are hanging back due to Spain and the US jobs report which is supposed to come out a lot lower than expected. Overall, that does not affect my trades and it should not influence you either. Your focus should be on your strategy and that alone.
Below is a great Moving Average sell and a weak double top but, still a double top. These are the only two good trades I have seen today. Based on my moving average and trendlines price has not moved enough to make any trades reasonable.
On days like today remember there is no reason to force trades, there will always be more tomorrow or the next day.
Register For...
Free Trade Alerts
Education
1-on-1 Support
eToro Copytrader Tips