As the Greek crisis unfolds further the markets have responded violently in the last few days posing challenges to traders as high volatility is likely to continue throughout the summer months.
Now is not the time to place big bets, unless you are trading off intra day charts. The present cycle is speeding up as was expected, with several cycles coming into turning points. I have described the bigger picture in greater detail for several issues now in my Trading Psychology & ETF Swing Trader Service:
The situation unfolding in Greece and the associated market volatility are the effect, and not the cause of a bigger market cycle which is kicking in full force at long last.
Understanding cause and effect is vital, as it makes for greater clarity of mind and helps put things into perspective. Most traders unwittingly mistake effect for cause.
The power of cycles, particularly the longer term ones cannot be denied.
This content is restricted to site members. If you are an existing user, please log in. New users may register below for FREE.