TRADING BLOG EP. 58 - BEARISH BIAS, BULLISH SETUP
The S&P 500 is very over-extended on the HTF charts, so naturally, I am bearish. I came into today looking for possible short opportunities, but you need to remember – what you think will happen, and what WILL happen are 2 different things.
Instead of forcing my short bias, I traded what the market was showing me, which was that buyers are accepting higher value. So I ended up getting long & trading the market outside of it’s value as buyers began to search for higher value. it was a very nice setup, despite my bias being wrong, I was still able to secure a profitable trade.
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