A market making new highs is rising, Buyers are winning
A market making new lows is falling, Sellers are winning
When is the war on? When are the troops sleeping?
Price is territory that Buyers and Sellers are at War for.
What would be a probable and realistic price goal for the Buyers to achieve if they won the battle today?
What would be a probable and realistic price goal for the Seller's to achieve if they won the battle today?
You will choose a side to be on, you will watch to see who early on is winning the battle, and make your choice, you will know where your choice would be proved wrong, you will expect to take the earliest profit that justifies your risk in relation to the overall goal of the team you have chosen.
If your team is really kicking the other's ass, you might go for a larger portion of their probable win for the day.
If you were wrong, you were wrong, you will fight another day.
You will not become Happy when you win, you will not become Angry when you lose.
You will be right slightly more than you are wrong, and you will judge your risk and reward based upon this fact.
You will gain slow and steady equity.
