Trading Watchlist:
1. SFM – analysed: psychologically, I have to practice accepting that, sometimes, I may miss the price action move even after watching the charts day after day, week after week, for months on end:
Unless the price action pulls back to the Kijun on the 4 hour timeframe, always stay out of a low-probability trade.
2. AXP – AXP appears to be in a strong bullish price action structure; therefore, continue to hold on to your long position.
3. WMT – exit WMT as soon as possible, because it is moving sideways, and has not declined as anticipated:
In addition, the price action of WMT has rammed up against the resistance level several times already, increasing the likelihood that, at some point, it may successfully break through.
4. COST – analysed.
5. JETS – go long JETS as soon as possible:
6. UAL – analysed: price action pattern not as certain as JETS so stay out of possible trade for now.
7. QQQ – analysed: continue to hold short position.
8. MARA – analysed.
9. BTC – analysed.
10. BTC.D – analysed.
11. DG – analysed.
12. TIGR – add additional capital to trade as soon as possible because the price action has pulled back to the support level:
13. BIDU – add additional capital to trade as soon as possible:
14. XAUUSD – analysed.
15. USOIL – analysed.
16. NATGAS – analysed: ideally, it is only when the price action is near the Kijun on the daily timeframe that it provides a, possible, good high-probability trading opportunity.
17. X – analysed.
18. SOXX – still within daily timeframe range.
19. INTC – the price action is almost back at the major support level; therefore, continue to monitor this stock everyday for a great trading opportunity.
Learning Points
- SFM – I should have drawn an additional trendline, and watched for the Ichimoku lagging span to have broken through in order to submit a high probability short entry.
Next Actions
- Go long JETS as soon as possible.
- Exit WMT trade as soon as possible.
- Add additional capital to TIGR trade as soon as possible.
- Add additional capital to BIDU trade as soon as possible.
- Update new trading spreadsheet with latest trades.
