Trading Watchlist:
1. TIGR – start scaling into TIGR long in accordance with the weekly and daily timeframe as soon as possible:
2. BIDU – scale into a BIDU long as soon as possible in relation to the weekly timeframe. If the price action declines further then add additional capital to the entry:
3. TSM – analysed: monitor this market everyday as a good shorting opportunity seems to be getting ready to present itself:
In the meantime, submit a short limit order as soon as possible.
4. WBA – analysed.
5. WOLF – scale into a WOLF long trade as soon as possible:
6. RUT – analysed.
7. CMG – analysed.
8. DG – analysed.
9. SFM – analysed.
10. WMT – analysed.
11. AXP – analysed.
12. COST – (analysed) consider taking 50% profits off the table at 6.30pm:
13. JETS – analysed.
14. UAL – analysed.
15. JPM – analysed.
16. UXVY – analysed.
17. BIIB – analysed.
18. FDX – analysed.
19. PALL – analysed.
20. INTC – analysed.
21. QQQ – analysed.
22. GDX – analysed.
23. XAUUSD – analysed.
24. AMD – analysed.
25. MU – analysed.
26. SOXX – analysed.
27. US10Y – analysed.
28. DXY – analysed.
29. BTC.D – analysed.
30. BTC – analysed.
Learning Points
- CMG – when trading make sure that I trade at least two times the minimum so that I am able to continue perfecting my trade style by practicing taking profits at the relevant levels.
- AXP – I have got to continue getting better and better at using the parallel channel to make better and better entries.
Next Actions
- Scale into a TIGR long as soon as possible.
- Scale into a BIDU long trade as soon as possible.
- Scale into a TSM short trade as soon as possible.
- Scale into a WOLF long trade as soon as possible.
- Consider taking 50% profits out of COST at 6.30pm.
- Use parallel channels more masterfully in order to make profitable entries.
- Watch the latest “The Game Plan” trading video.
- Watch the latest “Trading the Close” trading video.
