One more analysis - only put a small lot size to run
Yes I want to short again.... Today's crazy rocket rise really did give me a heart attack, I don't think the news give such a kick, rather like MM used the news as a key factor to trigger their profit making move (based on retail investor us reaction obviously).
I broke my promise but this index has just been so volatile that I decided to put in another trade but just a small lot size to run - putting concept into practice is more exciting to me :)
1. Cup: I still consider an inverted cup & handle patter (H1 & H4 TF will look clearer). Handle now look weird but it did go up (well a bit too much for today!)
2. 500/quarter line concept: it bounced from 13000 roughly, and now 13500; so next target might be either back to 13000 or 14000....
3. Death cross: not bullet proof, but 50MA and 100MA is about to cross after many months rising together, so there should be a significant DROP. so If point 1 & 2 indicates there'll be a jump, point 3 can be considered a possible confirmation of going down.
BE AWARE 1:.I did move my SL for the previous set up (caused me being stopped out with bigger loss - which is ok but I hope you didn't take my word as I don't advice anyone to follow my action, I use TradingView for logging my activities & notes as main purpose).
BE AWARE 2:. Tomorrow's move may also again go totally different direct which is also acceptable, so be prepared in case my analysis is wrong.
NOTE: trading with my own view on it, feel free to have different views (as my yesterday's analysis went wrong direction, this one may be wrong too though I'm happy to take a risk). Please make your own analysis & decision.
I broke my promise but this index has just been so volatile that I decided to put in another trade but just a small lot size to run - putting concept into practice is more exciting to me :)
1. Cup: I still consider an inverted cup & handle patter (H1 & H4 TF will look clearer). Handle now look weird but it did go up (well a bit too much for today!)
2. 500/quarter line concept: it bounced from 13000 roughly, and now 13500; so next target might be either back to 13000 or 14000....
3. Death cross: not bullet proof, but 50MA and 100MA is about to cross after many months rising together, so there should be a significant DROP. so If point 1 & 2 indicates there'll be a jump, point 3 can be considered a possible confirmation of going down.
BE AWARE 1:.I did move my SL for the previous set up (caused me being stopped out with bigger loss - which is ok but I hope you didn't take my word as I don't advice anyone to follow my action, I use TradingView for logging my activities & notes as main purpose).
BE AWARE 2:. Tomorrow's move may also again go totally different direct which is also acceptable, so be prepared in case my analysis is wrong.
NOTE: trading with my own view on it, feel free to have different views (as my yesterday's analysis went wrong direction, this one may be wrong too though I'm happy to take a risk). Please make your own analysis & decision.
Комментарий:
Ok now holding 1 sell @ 13525. SL high up to 13605 because I'm away for a few hours... wish me luck
Комментарий:
forgot to update my trade - i left it run through the weekend given it's not a big lot. still see potentials to drop but you can't predict the market with such a gap can you. :) have a nice weekend.
Комментарий:
back to Friday's story - end up not only losing previous profit but with a "quality" loss. Lesson - don't be greedy.
