Value area consist of three portions. 1. Value High 2. Value Low 3. Point of Control (POC)
Some traders consider whole area, when they are looking for trades and trend. My mainly concern is POC. If NY session close below the POC then bears are in control and if NY session close above POC then bulls are in control.
Coming weeks will be very slow for me because i have huge DD and i am starting to take profit from Sell trades and closing the long positions gradually to maintain the available margin. I would say that now money management will play full role. Once i have achieved the average target (Balance between buy and sell trades) of my trades then will start making profits again. Profit or Loss is part of trading. I have posted profits with live trades and i will also post if i had weekly loss.
Love for all; Hatred for none.
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