Very strong price movement today, great trend, nice price formation! 1st trade, entry 1798.50, first target filled 1796.50. Closed trade at 1798.00, Price went below the 200 EMA on 5 mins chart, also tested the 200 EMA on 1597T, 1795.00 was also yesterday’s resistance area ...
No major news came out today, after 2 day rally, market been consolidating pretty much the whole day. Price movement are very slow, after 1 trade, decided to take the rest day off.
By the end of the day, market went back to where it started. But that doesn't mean market didn't move, so participate and following my rules are the only thing I can do, rest leave for the market itself.
Price was pretty much trading in a range bound between 1750 to 1740 area through the entire day. 1st trade, price tested 1746 area 3 times didn't break above it, divergence created, price was also consolidating right above 200 ema on the 5 mins chart. Down side probability are higher, entry 1742. ...
Triangle breakout Don't trade before any major news that is oneof my trading rules. But sometimes you have to know when to break your rules, I break my rules whenever I see this classic triangle pattern formed.
Like many people did that I learned how to respect my risk through the hard way. I remember that was back in 2009, I was already trading for couple of years. Most I did was option play, Iron condor butterfly. Why option? Cuz that's how I started when I first time started to learn how to trade. I ...
One thing about trading on the news. Always wait for the news to come out first, I’m talking about the major news right here such as Labor, job, restate… and one little trick I do is, don’t look the result of the news, just make sure you know what time will the news ...