Trading Watchlist:
1. INTC – well done for taking profits out of INTC yesterday as the price pullback greatly as anticipated:
2. UVXY – analysed.
3. MRNA – analysed.
4. BIIB – analysed.
5. SFM – analysed.
6. UAL – well done for taking profits at the daily timeframe support level yesterday as the price action pullback strongly as anticipated:
7. BIDU – analysed.
8. USOIL – analysed.
9. UCO – analysed.
10. BTC – analysed.
11. WOLF – continue to monitor the price action of WOLF on the lower timeframes for a possible exit as the price action has moved more than 20% in the last few days or so.
Exit WOLF trade as soon as possible as the price action now looks like it has a strong possibility of rolling over (play safe than sorry):
Continue to monitor WOLF everyday for a great re-entry.
12. DG – analysed.
13. QQQ – analysed.
14. BTC – analysed.
15. BTC.D – analysed.
16. XAUUSD – analysed.
17. US10Y – analysed.
Learning Points
Swing trading in accordance with the daily timeframe resistance and support levels is the most important things if I want to continue trading profitably overall.
Better put, if the price action it not at major resistance or support levels (including parallel channels), allowing me to take profit at the next major support or resistance levels if the price action moves as anticipated, then refuse to enter a trade.
Next Actions
- Exit WOLF long trade as soon as possible.
- Watch today’s “Verified Game Plan” to continue your accelerated learning process.
