A Day of Trades: Navigating Ups and Downs in the Market Rollercoaster
Wednesdays (12/6) trading journey was a rollercoaster ride filled with ups, downs, and a myriad of lessons learned. Join me as I recount the multiple trades I made, each revealing the intricate dance of the Price Pressure Momentum (PPM) indicators and the ever-changing market dynamics. Trade 1: The Morning Gamble I kicked off the day with optimism, going long at the open with the belief that prices would climb higher off of the 40ma. Unfortunately, the PPMs had different plans, price stayed sideways while the PPMs were dipping below their derivatives and headed for a negative slope. As price broke below the high target(green dot), I cut my losses and closed the trade. Trade 2: The Rebound That Wasn't The second trade was a swift reaction to a potential rebound off of the high target. PPM 2 and 3 were bouncing off their positive slopes, signaling an opportunity. However, the rejection at the 21MA led to a quick exit, cutting losses under the 40ma as the PPMs projected a negative slo...