Developing a Trading Plan
August 3, 2020
Generate good returns from a small trading account
July 31, 2020
Quality vs Quantity trades
May 21, 2020
March 28, 2020
Time your Entry
March 27, 2020
March 19, 2020
Solution Focused Trading
August 19, 2019
May 25, 2019
Finding your Trading Style
April 13, 2019
Have you chosen THE ONE?
Simplicity is the key to Success
May 9, 2015
August 11, 2017
Most of the time, when market made an extended move beyond JG's PAPLines, a good trade opportunity is happening soon.
For Taiwan, price has:
1) Extended move beyond PAPLine-S3
2) Traded below Land with ABN (to be covered in Sniper's course)
3) Traded to EXTN FIB support level (to be covered in Sniper's course)
This morning, a chart pattern formed.
The "HM" formed the Head at EXTN Fib level on opening -- 8:45am. Follow by forming the right shoulder at 9:06am.
To be consistent with my pairing position sizing, patterns are having 25 lots.
29 tics profit x 25 lots = USD 7,250
As a sniper, patience to wait for the "right" moment for entry is utmost IMPORTANT!
Let's move on to Nikkei 225. Today is Japan holiday, volume is thin and movements are slow. Nevertheless, it is having the same fate as Taiwan for yesterday's movement.
It traded beyond JG's PAPLine-S3, but too bad, there isn't a EXTN Fib for Nikkei.
So for Nikkei, we only can see:
Therefore, it is not as straight forward as Taiwan that we can ACT on market opening. We have to patiently wait for price to stop and provide buy signal on current day's PAPLine to ACT!
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