Long

Too early to arrive at the party!

Updated

Sharing my trading idea and experience for

From previous post, the 1H chart has been bullish.

I have taken the profit and thereafter trying to find re-entry position.

However, without checking the shorter time frame 30m, 15m it turns bearish for the shorter time frame. Re-entered at 22500. As you can see from the chart. It's is a big Ouchhh! 😂

Well, was looking at the longer time frame of 4H chart & D chart showing the index continues to be bullish. (Question to myself: But on hindsight - isn't the longer tf chart based from the shorter tf movement?) Hmmmm.....well let's see.

But this could cause the short position opportunities. Nonetheless, the party is there and I guess just have to wait little longer and hope it won't be too longer. This is going to eat into trading cost for the daily finance charge. :)

Wish the party continue! (with the recent stimulus news and action)
While waiting, let's zen with 📖 🍵
Good luck everyone!

Trade closed: target reached

oh yay! my neck still looks fine comparing to girrafe 🦒! 😉
Take small partial profit (to maintain the margin at healthy level). And continue to monitor the 1H chart reversal to see if it's strong.

Looking at another strong resistance level : 22716
If it's breakout looking to TP at : 23000

While waiting, let's continue zen with 📖 🍵

Trade closed: target reached

Zen with books it does help to enjoy the zen and present moment while waiting for what you sow to seed and fruit. 😊

TP at 23155 (a little greedy 😂) as seeing the 1H is still bullish and to cover some FC.
Again looking at re-entry level using Fib Retracement at 0.618 or the strong resistance level 22716.

The chart looks uptrend continue to monitor.
Create your trading plan; trust your plan and follow through.

Trading can be fun, enjoy the journey.
Happy Trading and 10.10 is coming happy coding day for code lovers 💏

ChenQianYu

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