Trading Watchlist:
1. QQQ
As can be seen above, QQQ is currently in no man’s land, so just continue to wait patiently for the price action to settle and decide where it wants to go in terms of the upper or lower part of the parallel channel.
2. HOOD – analysed.
3. BIDU – (analysed) continue to wait patiently for the price action to reach the upper part of the parallel channel:
In the meantime, exit the first scaled in entry (in profit) as the price action is likely to return back to this level before experiencing any potential upside.
4. BTC – analysed.
5. RUTS – analysed.
6. XAUUSD – analysed.
7. US10Y – analysed.
8. UVXY – analysed.
9. CMG – analysed.
10. UAL – analysed.
11. JETS – analysed.
12. FFIV – analysed.
13. GFI – analysed.
14. SAP – analysed.
15. GDX – analysed.
16. SPY – analysed.
17. TLT:
Exit the first entry into TLT as the price action now reveals that it was wrong (too early). As a result, it now has a greater chance of dragging down the current profits because the price action is likely to retrace back to the entry level before, possibly, rising again.
18. TIGR – analysed.
19. SMCI – analysed.
Learning Points
Reading my latest trading book “Trading Price Action Trends” has revealed to me that watching Gareth Soloway’s trading videos everyday are now having an adverse effect on my trading.
This is becasue they are making my mind too attuned to fundamental news relating to the US president and tariffs.
Instead, I need to be completely focused on the charts and the price action patterns, as they will always let me know what is happening before the news actually does.
The result is that watching Soloway’s latest trading videos is starting to make me think that the news is more important than it actually is.
Next Actions
- Exit the first BIDU long entry (in profit) as soon as possible.
- Exit the first TLT long entry (in profit) as soon as possible.
- Watch today’s “Trading the Close”.
- Continue to regulate your trading mind by reducing the amount of daily trading videos that you watch.
- Continue reading your latest trading book: “Trading Price Action Trends”.
