The market rallied substantially today following the micro-count posted. I was hoping prices would go just a bit lower to trade the Inverse Head and Shoulder's pattern but unfortunately bulls decided to leave without me. However, there will be more chances to get in the near future. I try to keep my risk at 3:1 (risk 1 for a 3x return) so that even if there is a 50/50 profitable trade rate, I'll still be substantially ahead.
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Short Term Trend = Bearish trend being challenged
Medium Term Trend = Bullish
Long Term Trend = Bullish