With Greece decision has yet to be made, there will be a lot of rumors flying around here and there. Which means market is going to have a lot of whipsaw until perhaps tonight. Even if the decision has been made, the whipsaw should still continue for a while as market will have to judge would it be good or not good, good for now bad for future, or bad for now good for future, or worse, bad for now, even worse in the future. As of now at 9:45am, hope is building that there will be good news. Could it be also sell on news then?
So, basically know your support and resistance. For market to go higher, resistance have to break and for price to go lower, support has to break. That’s the technical part, the easy part. But what affects us is the emotion, how we can control our fingers. Therefore, behave like a human, trade like a robot. I understand that would not be easy but you just have to start to try.
