JETS
Learning Points
To my surprise, today, JETS triggered my stop-loss on the hourly timeframe.
This reminded me that the 1 hour timeframe can be easily manipulated, which was the main reason why, originally, I choose a trading style that does not trade anything lower than the 4 hour timeframe.
Secondly, it reminded me that just because an asset has a negative correlation (inverse inter-market relationship) this does not mean that any expected price movement will occur immediately, and without delay:
Next Action
- Focus again on price-action trading using the weekly and daily timeframe support and resistance levels.
- Update the new trading spreadsheet with the latest losing JETS trade as soon as possible to continue re-conditioning your trading mind.
- Be paranoid about submitting any trade that is likely to be carried out also by inexperienced traders.
