Crypto Watchlist
1. BTC.D
As can be seen above, BTC.D is now starting to decline again as expected.
As a result, the Altcoins must have rallied hard as a consequence.
BTC.D, nonetheless, has still not broken it bullish percentage action structure yet (at the least) Therefore, I am still expecting the Altcoins to provide another opportunity to make long entries if the percentage action resumes its rise to the middle of its parallel channel.
Thus, continue to monitor BTC.D, and its relationship to the price action of BTC, every 4 hours to keep up the acceleration of your learning process.
2. BTC – analysed.
3. AVAX – analysed.
4. SOL – analysed.
5. RENDER – analysed.
6. ONDO – analysed.
7. LINK – analysed.
8. TON – analysed.
9. POL – analysed.
10. BTC
Convert a quantity (profits from BTC investment) of BTC into AVAX (blue chip crypto) for my big sister, because Bitcoin is nearly at the top of its parallel channel (take profit level):
Let’s see how this plays out.
Trading Watchlist
11. CMG
Using a limit order, start scaling into CMG immediately, as the price action is reaching a major support level (monthly and weekly diagonal trendline).
Continue to monitor this stock every 4 hours.
12. SOXX – analysed.
13. XAUUSD – analysed.
14. US10Y – analysed.
15. QQQ – analysed.
16. RUT – analysed.
17. SPY – analysed.
18. NATGAS – analysed.
19. USOIL – analysed.
20. PALL – analysed.
21. X – analysed.
22. FDX – analysed.
23. BABA – analysed.
24. DG – analysed.
25. HOOD – analysed.
26. AMD – analysed.
27. COIN – analysed.
28. SFM – analysed.
29. PTLR – analysed.
30. WMT
Start scaling into a WMT long trade as soon as possible.
31. COST – analysed.
32. AXP – analysed.
33. AAL
Start scaling into a AAL long entry as soon as possible.
In addition, using a limit order, submit an additional AAL long entry.
34. LUV
Using a limit order, submit a LUV long position immediately.
Learning Points
- Today, I got a lot of practice thinking first about which direction the overall market is heading before putting on any potential trades.
It feels like this was what was missing, in terms of my overall trading ability, to ensure that all of my trades have the highest probability of success.
. - It seems that trading the 4 hour timeframe really does appear to put me at an extreme advantage in relation to anticipating the most likely direction of the price action.
In order to improve, I will now use more limit orders.
Next Action
- Continue to monitor BTC.D and BTC every 4 hours.
- Complete yesterday’s trading journal post.
- Convert a quantity of BTC (profits) into AVAX immediately for my big sister.
- Using a limit order, start scaling into a CMG long trade.
- Start scaling into a WMT long trade as soon as possible.
- Start scaling into a AAL long trade as soon as possible.
- Use a limit order to submit an additional AAL long entry.
- Using a limit order, submit a LUV long entry immediately.
