On the first day of July 2017, I have shown you the trade results for Nikkei 225 using just a few simple JG's indicators.
After that post, I have been updating the trading results using the same JG's tools. Instead of doing back testing that most traders like. I prefer forward testing. I am like a R&D person who like to develop strategies that can help to further enhance trading success. Through years of trading and looking at markets, and by testing it for months before rolling it out to fellow traders, I am CONFIDENT about the simple tools that I have developed so far.
A week has passed and here come the month-end. What is your trading outcome for this week?
Monday, before making any trading decision, checked the closed for last Friday, where are the price at closed. The price is below Land, and it is also at PAPLine-S3 on Friday.
When price is below Land, and resisted by it, the action plan is to Short (but short cautiously! As an R&D person who has created PAPLines to track and trap the market, when price traded beyond the PAPLines, the tendency of market reversal is very common)
The first signal was to short since it was rejected by Land. It then traded to S2 and formed a pattern. Price reverse and traded up to the Sky, another reversal signal formed. [What a beautiful Monday.... No Monday blues at all]
Thusday, price open at Wednesday S3, unfortunately, season color doesn't allow a trade entry. Price did not touched Land. Trade opportunity only came at around 1pm. The first trade at Sky failed. The second signal was a good one. It is at R3 as well as Sky. On the same day, A SLBW was formed and the trade (entries as well as exits) was done during T+1 session.