Trading with Trend
Let's continue with the topic on trading with the trend.
First hour trading for SiMSCI (SiMSCI open at 8:30am Singapore time). Market open above Pink & Purple belt. Trend is up.
As you can see from the chart, price starts to reject and turn Autumn at PAPLine-R2. It's a great place for intraday trader to cover their profit.
Same goes to Taiwan Futures. Price above purple belt, trend is UP.
What about Nikkei 225?
Price hold at pink belt, a hammer formed. traded up to first PAPLine for you to take profit.
Some of our regular FB traders are doing well this morning by following this simple setup and posting their winning trades too.