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GoPro Stop Run Reversal – Day Trading Morning Emotion – Oct 14th 2014

October 15
04:20 2014

Today we had yet another great example of market open stop runs. Once a stock turns red after a big run it can be tempting to chase the market down. Trading is all about specific entries. In forex, equities, commodities, ect…timing means everything. One of the strongest aspects of tracking market manipulation is the risk/reward associated with the entries. That type of risk/reward can only be achieved with specific timing of entries. The first step comes from having a valid manipulation point. In the case of GoPro (GPRO) the afternoon highs created a solid high which was likely a stop point for most traders already short.

Because the stock market has an open and close, the market open is frequently very emotional. This is something very different as compared to the forex market. This market open emotion is something that amplifies stop run reversals and the likelihood of a solid short term market reversal. The chart below illustrates all of the above.

GoPro Market Open Stop Run Reversal Day Trade

 

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-Sterling

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About Author

Sterling Suhr

Sterling Suhr

Hey everyone, my name is Sterling Suhr. You and I more than likely have quite a bit in common when it comes to Forex trading. Like most, I started trading Forex and thought it would be rather easy.Everything I read said it would make you profitable so why wouldn't I believe it Forex trading was easy? The unfortunate part is that belief, and the hope that goes along with it pushed me into buying every scam Forex product there was. I've tried every EA, software, strategy, chart pattern, candle pattern, signal service, etc, all with negative results. The bottom line is mainstream Forex trading strategy will continue to fail retail traders. It wasn't until I realized this point did I begin to see success.On a personal note I currently reside in South Western Michigan. I personally love this part of the country and enjoy having a taste of all four seasons. I was recently married in May of 2012 and Chad has given me a stiff warning to not have children:) As a personal hobby I enjoy aviation and really anything to do with the outdoors.

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