Trading Watchlist:
1. WBA – start scaling into WBA long in accordance with the daily timeframe:
2. AXP – analysed.
3. CMG – analysed.
4. SFM – analysed.
5. JETS – add to short position as soon as possible:
6. UAL – add to short position using a limit order as soon as possible:
7. QQQ – analysed.
8. TIGR – analysed.
9. FDX – analysed.
10. DG – analysed (keep an eye on this stock along side WBA).
11. SOXX – analysed.
12. INTC – analysed.
Learning Points
- My accumulated trading experience so far has revealed to me that the price action of all assets tend to change direction once they reach a daily timeframe take profit target area or level. Therefore, I will adjust my approach for a trial period, taking full-profits at these levels, unless their is a steady price rise on the 4 hour timeframe that consist of sufficient pull backs.
Next Action
- Experiment with trading the daily timeframe for a trial period.
- Enter a WBA long trade, as soon as possible, in accordance with the daily timeframe.
