Trading Watchlist:
1. USOIL
2. UCO – in light of USOIL price action hitting the monthly timeframe resistance trendline (above) start scaling into a UCO short position:
3. US10Y
4. WOLF – analysed.
5. BIIB
Learning Points
- Trading is simple in the respect that if the price action is not at a major daily timeframe resistance or support level, then we should simply ignore that market or asset until it is. However, the upside or downside (depending on your perspective) is that this type of trading style requires monitoring the markets everyday.
- For me, assessing the markets every single day is a huge advantage because it accelerates my accumulated trading experience, increases my ability to analyse the chart brilliantly, and it allows me to create and strengthen the neessary “feelings” required to attract my desired future.
- Do not enter a trade until you are able to carry out proper preparation (draw entry, stop loss, and profit target levels) in order to ensure that you never create and strengthen any beta brainwave psychological states when trading.
Next Actions
- Start scaling into UCO short trade as soon as possible.
- Watch today’s “Verified Game Plan”.
- Never enter, or exit, a trade without time to fully contemplate and prepare (always create and strengthen an alpha brainwave psychological state when trading).
- Start scaling into BIIB long trade as soon as possible.
