Trading Watchlist:
1. BTC – analysed: still moving sidways.
2. XAUUSD – analysed:
Continue to stay on the sidelines and wait patiently for XAUUSD’s lagging span to be free and clear before you consider entering a trade.
3. DG
As can be seen above, DG has declined as I had anticipated, providing me with an opportunity to exit the trade now with a good profit.
However, it makes sense to now trade DG in accordance with its daily timeframe…
Which requires a tremendous amount of trading patience and discipline.
Let’s see how this plays out.
4. FARTCOIN – analysed.
5. FETUSDT
The Kumo Cloud and the Kijun on the daily timeframe will let me know if there is a high probability short trade in play.
At the moment, there is not.
This is because the price action of FETUSDT is so far away from the daily timeframe Kijun, and bearish Kumo Cloud.
Let’s see how this continues to play out.
6. NVDA – analysed.
7. SFM
Continue to keep a close eye on SFM for a possible great long entry at some point, in accordance with its 4 hour timeframe.
8. JETS – ranging.
9. UAL – ranging.
10. UPS – analysed.
11. FDX – analysed.
12. QCOM – analysed.
13. HOOD – analysed.
14. COIN – analysed.
15. AMD – analysed.
16. PLANETLABS – analysed.
17. 000001 – analysed.
18. BABA – analysed.
19. BIDU – analysed.
20. TIGR – analysed.
21. DXY – ranging.
22. US10Y
It seems that the key to trading is knowing how, the majority of the time, to stay out of low probabilities trades.
We must wait patiently for high-probability trading entries whilst most of the time choose not to trade at all.
23. US10 – analysed.
24. BTC.D – analysed.
Learning Point
- Remembered today that I choose to focus my trading activities on BTC and the crypto market because it is (1) more straightforward with BTC dictating the direction of the overall market, (2) open 24 hours, 7 days a week, and (3) BTC and altcoins make larger percentage moves.
Next Action
- Keep monitoring the price action of SFM everyday in accordance with its 4 hour timeframe.
- Continue to monitor the price action of BTC every 4 hours.
- Continue to monitor the price action of FARTCOIN every 4 hours.
- Continue to monitor the price action of FETUSDT every 4 hours.
