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Trump agrees to almost all the demands from the Iranian regime for the two week cease fire.
Iran gets total control of the strait of Hormuz among many other concessions they didn’t have before.
I am seriously confused. What the hell was the point of this war again?
This is total capitulation 🤔
We don’t really have a market structure from a Technical Analysis perspective anymore.
Right now it’s only headlines driven volatility and double guessing of the president’s swinging moods.
If you don’t want to lose money in this market until the war ends, do this:
1. Only trade good assets:
Companies with good fundamentals, solid growth story and good institution/retail participation.
2. Do not FOMO:
Wait for 30 min TF dips to ~30 RSI and then reversal confirmation.
Do not rush, oversold conditions can last for some time.
3. Use momentum/trend indicators:
Identify the reversal using MACD or SAR Parabolic so that you don’t enter early when the sentiment is negative and the market is going down.
4. If there’s is too much uncertainty, stay out of the market:
“If in doubt, don’t hesitate to cash out”
5. Exit strategy:
If you’re patient and get a good early entry, ride it until 30 min TF MACD fades, that way you lock in some gains and wait for the next set up to present itself.
We will have to trade like this for some time until more stability and certainty returns to the markets.
What a crazy time to be alive!
I’m damn GRATEFUL to live in a country with the balls, the resources, and the unbreakable WILL to go behind enemy lines and bring home ONE of our own, no matter the cost!
God bless our troops and God bless America! 🇺🇸