Another market insight [10Jan2022]
Updated
So, we went cash last week, trading only really secure stuffs which is working for now. (and my daring AMC short.. lol)
What happens now, well I don't suggest buying Dow at the above shown range, because the range changes day to day.
If it does reach the low end of the range today, that'd be a media dream.
For now, our model shows weakening in signals, currently one viable short is HSI (Hang Seng). which I will be posting tomorrow if possible.
Remember this, at the times like this where volatility is high be aware of the consequences. Volatility can rip a hole in your account.
If you are not sure what to do, then don't trade today and fade the FOMO. Sometimes not trading is a viable trading strategy.
I know this because I was a victim of volatility once, and that's why I'm heavily into risk managing and taking the most probable trades. Anyways, I have no signals to post for today, since I'm lazy and market is not in a good mood.
Summary
Grey signals : Dollar and other dollar related FXs
Green (But I don't suggest buying) : Dow30, QQQ (I will not buy it), AAPL, TSLA, AMD
Bearish : HSI, AUDUSD, AMC, Russel2000
Good luck for today, and again don't trade if you are not comfortable or if you don't have a good rick management process yet.
feel free to contact me, If you have any questions.
Redd
What happens now, well I don't suggest buying Dow at the above shown range, because the range changes day to day.
If it does reach the low end of the range today, that'd be a media dream.
For now, our model shows weakening in signals, currently one viable short is HSI (Hang Seng). which I will be posting tomorrow if possible.
Remember this, at the times like this where volatility is high be aware of the consequences. Volatility can rip a hole in your account.
If you are not sure what to do, then don't trade today and fade the FOMO. Sometimes not trading is a viable trading strategy.
I know this because I was a victim of volatility once, and that's why I'm heavily into risk managing and taking the most probable trades. Anyways, I have no signals to post for today, since I'm lazy and market is not in a good mood.
Summary
Grey signals : Dollar and other dollar related FXs
Green (But I don't suggest buying) : Dow30, QQQ (I will not buy it), AAPL, TSLA, AMD
Bearish : HSI, AUDUSD, AMC, Russel2000
Good luck for today, and again don't trade if you are not comfortable or if you don't have a good rick management process yet.
feel free to contact me, If you have any questions.
Redd
Trade closed manually
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