Trading Watchlist:
1. SILVER
As can be seen above, there was clearly a short squeeze in relation to SILVER.
Therefore, the small loss that I have sustained by the price action triggering my stop-loss level is another payment towards my trading tuition.
Learning Point:
When there is no clearly definable parallel channel to create some certainty about the most likely direction of the price action, then I should consider staying out of the trade until there is.
2. USOIL – analysed.
3. BTC
As can be seen above, probabilities in relation to the Ichimoku Indicator (thick bearish Kumo Cloud) on the daily timeframe seems to favour a further move to the downside.
That said, Gareth Soloway makes an excellent intermarket analysis point:
Capital currently invested in Silver, Palladium, Platinum, and Gold is likely to want to find a depressed asset to rotate into after there tremendous rise.
In this respect, BTC and USOIL may become highly attractive candidates.
Until their price action reaches the Kijun on the 4 hour timeframe, however, I should continue to stay out of any possible trades.
And just continue to analyse the markets every day in the knowledge that I am unlikely to be able to catch every single good trading opportunity.
4. SFM
Continue to wait paitently in relation to a possible SFM long trade…
Because price actions that bounce off a key support level on the daily timeframe, like NATGAS, seem to do so when there is a bullish Kumo Cloud:
5. NATGAS
6. DG
Move the stop-loss to around the entry level immediately in order to establish a capital risk-free trade.
7. NVDA – analysed.
8. JETS – analysed.
9. GLOBAL LIQUIDITY – analysed.
10. SOXX – analysed.
11. PLTR – analysed.
12. CVNA
Move CVNA’s stop-loss immediately to around the entry level.
Next Action
- Move DG stop-loss, immediately, to around the initial entry level.
- Move CVNA stop-loss to around the entry level as soon as possible.
- Watch Soloway’s latest trading video.
