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Monday Morning Rundown 8-30-21 and a Quick Review of Friday’s 1-Trade

Aug 30, 2021

Hey y’all!! You know what time it is! Its Monday again and that means it is time to spend some time with the market so we can anticipate what to expect over the next few days.
So in looking at the overall—I do have anticipations of a little more up to start the day. The MACDs and price are both above areas that tell me (on all charts) that the direction is still to the upside. Now in that same breath, we have some potential for Divergence looming over our heads which would be a sure sign of a push back to the downside.
The important part is, to watch it and understand that if it changes, our mindset needs to change with it. Simply because the looks says one direction or another while we still have plenty of time for the market to open up—does not mean it will remain in that direction. Things can change in the blink of an eye and we, as traders, need to be responsible and pay attention to what it is telling us vs trying to make it do what we think it “should.”
All in all though—this market’s overnight action has been moving like molasses and trading it until the swings get bigger will require some focus and attention to get out when it slows near your first anticipated target. If you think it will go further but not really confident, then its time to close in on that risk and be ready to close out the trade when it loses steam.
Either way it goes, strong focus and responsibility for your trades is what keeps you in the game my friends! And if you want to be a champion in this arena, accepting that you don’t always know what it is going to do, while being aware of what the possibilities are—will allow your account to live to play another day. Much love good peeps! I’m here to cheer you on while you go for the gold my friends! Let’s do this!

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