I wouldn't suggest anyone going. I joined an Expo tour to take me to go though "by appointment fast line" for China Pavillion. But we still have to wait in line to get through this "by appointment line" and wait in another zigzag line to see the different rooms in the Pavillion. So in total it took me 2 hours to wait in line...
Hi Matcha, You are a good student! Sifu should be proud of you! I, too has tried very hard to resist the temptation to go short on a day like today. When I looked at the $TRIN today and saw it was hugging between 0.30 ~0.20 I thought about Boli's advice to not go short. After getting burnt for a number of times before, I have concluded that the shorts in this situation are LOW PROBABILITY trades. Thanks Boli. I am going to add this to my trading rules and follow it. I, too will not disappoint you! --po
Just remember that there are days that there should not be any shorts. And there are days that there should not be any longs. The market environment is important. That's like the tide current flowing under the Golden Gate Bridge. Going in the direction of the tide is so much easier and less risky.
Ooooh.. Boli .. You're a Great Sifu to Matcha and PO .. All my favorite people i like very much ... LOL!
Thank you Sifu! I really like what you said about going in the direction of the tide. It is easier and less risky. --po
5:30am. Market left bullish yesterday. Overnight and premarket reaction moved sideways. 24 hour chart didnât have a clear trending signal. So I would wait until market broke the trading range either way. At the opening, $TRIN hugged at 0.5. ADD was around 0-500 area then pushed above 500 which show bullish strength. Daily chart shows bullish. 60 min chart bullish stalled at resistance level. Overall market environment is bullish even though itâs trading in a range. So I would only play long side. No trades before reports. Market was slow and pauses the whole morning. Pushed a sell button instead of buy cost me an immediate $60 loss⦠Then entered a long trade, but stopped out at the b/e. I have been very patient most of the day and wait for market took off and break to the upside. Finally at 11:00 market started to move. I was looking in to buy at a breakout pullback. 11:30am, market pullback at the support, I didnât take it right away because the move down was fairly steep. The 11:25 5 min large red bar shows oversupply. So I was expecting to see more signals to take a long trade. At least a double bottom with bottoming tails are what I was looking for. TRADE A: 11:45am. Long. It was a great pattern formed at the pullback within trend. But it took a while to take off from the base. 1). Double bottom on 5 min. 2) failed break down on 2 min chart. 3) bottoming tails. After I entered, the price didnât immediately go up. It made itâs last retrace then went up in my favor. It just showed the sellers are still aggressive but the demand is greater. Buyers finally won the battle and take the price higher. I was patient enough to hold through the final buyerâs success and wasnât bothered by the 2 minâs chop. Then I tightened my stop, so I was quickly whipsawed by a large bottoming tail doji bar. TRADE B: I went back in. But I was out right away because I was shaken out by the 2 min chartâs red bar and the HOD right above it. Market shoot up without me one more time. I have been very patient the whole day. Too bad, on my last trade, I messed up with the exit. I lost the patience at the very moment!!! So I got nothing⦠Todayâs PnL:-$24,4 trades, 75%winrate
Oh... Sweetie!!! LOL Maybe you need to use a bigger font for your buttons. Also color the buy button as "green" and sell button as "red"...
Hi Matcha, That happened to me a few times getting in the wrong trades. I used to click on the Bid/Ask price for Sell/Buy and got messed up if I was in a hurry. Now, I only use the big blue BUY and red SELL buttons on my chart and seemed to have avoided the problem. On your last trade B, would that make a difference if you would have set your target using the "measured" mirror image after the breakout that Boli mentioned a while back? I am still working on having the patience to let my profits run and not taking the profit too early. Have a great trading day tomorrow! It will be an interesting day, given everyone is waiting on the employment report. --po