Trade with bias is a big issue.
I was holding a short bias for last 3 days, repeatedly trying to short Gold/NQ.
It did not work, the price was robust before the CPI data.
But after CPI, I chose to long other than short.
Counter trend, again, and of course, YM suffered loss.
Indicators are very useful to avoid this kind of loss.
Instead of expect the move, looking in to the facts in the charts will be more practical.
I was holding a short bias for last 3 days, repeatedly trying to short Gold/NQ.
It did not work, the price was robust before the CPI data.
But after CPI, I chose to long other than short.
Counter trend, again, and of course, YM suffered loss.
Indicators are very useful to avoid this kind of loss.
Instead of expect the move, looking in to the facts in the charts will be more practical.
