Back to basic 101 on trading. As a trader, one need to have a solid fundamental in order to progress to the next level. Sadly, lots of traders refused to get the basic right before jumping to higher level. What is the basic? 1) PPTA (Direction) with Emolines (Entries) 2) COP (Direction) with Emolines (Entries) I am sure we have more than the above two, I shall use COP with Emolines for this week SiMSCI & TW performance. For simple illustration, I will use 10 lots for both contracts. (Traders are to work out your own risk management.) Day 1 -- SiMSCI Day 2 -- SiMSCI Chart 1-2 SiMSCI Chart 2-2 Day 3 -- SiMSCI Day 4 -- SiMSCI Chart 1-2 Day 4 -- SiMSCI Chart 2-2 Day 5 -- SiMSCI The first week of
Friday, Oct 7, a "non farm payroll" night. Markets go super volatile at 8:30pm Singapore time. We are on standby, once market cool down, it's time for us to look out for opportunities. For traders who always think that their mouse clicking skill is slower, 6A (AUDUSD) is likely the slowest contract as compared to the others (compared to few contracts that we are monitoring in Sniper Club). I shall deploy 'level I' skill for 6A. Pairing Waves with BBT. [Recently, I tasked one of our new FX trader doing this exercise every night on crude oil, she is progressing very well.] Game plan: 1) Price closed below BBT, Waves is down, sell on pull back to Waves. Vice versa, price closed above BBT, Waves
