XIN9 trade ideas
China A50 Index holding up well above its Mid Term Trend SupportChina A50 Index
- Holding up well above its Mid Term Trend Support despite U.S and European market plunge.
- Technically the index remains in a long term uptrend formation.
- Pending price action to breakout of its sideways resistant to go for a Super Bull Rally.
- Downside to easily look at its Mid Term Trend support. Once void will need to head to its Long Term Trend Support (Red Line)
- Shall the Long Term Trend Support (Red Line) is broken too = Bear market potential zone.
buy now or wait for breakout @ 15,733.30Again, there is no right or wrong. Some like to buy at support IF they believe it is going to continue to go up. Others prefer a wider margin of safety and wait for the breakout at the resistance level at 15,733.30. What if it reaches this level and tumble down again?
So, risk perception differs from different people and since no one can predict with 100% accuracy on the price movements, these differences in price points allows traders to make profits and losses each day.
As a long term investor in China, I am bullish on China market and thus would average up on this index.
CHINA A50 probably the last low-risk entry hereAfter breakout multi-year resistance two months ago, A50 has been consolidating above the line. With the 2% up yesterday it looks good (especially MACD) and ready to pop when zooming in to daily TF - a low-risk entry IMO. With that said, close below the resistance another story.
IT IS FINISHED !!!Putting spirituality aside, if we look plainly at the word; finished - what comes to mind ?
See the dictionary meaning :
It simply means the tasks on hand is done, completed, nothing more to do. And the corresponding feeling should be one of :Relieve, Excited, Happy, Pressure taken off, etc.
That is exactly what we should be doing in our trades and investment. And to me, this is an important psychological aspect that is often not covered in many courses, be it forex,futures or commodities. The emphasis is constantly on price actions, indicators, trends ,etc.
No, I am not saying these items are not important, they definitely have a place but imo, it is not the most important ingredient.
See my posting on My top 3 China stocks where I talk briefly about self-motivation.
IT IS FINISHED is beginning with the end in mind (Steven Covey - 7 habits) , it is thinking from instead of thinking of your success.
I run and swim to keep fit. So, at times when I am struggling in the journey, I would pause, slow down my speed and think of the shower I am enjoying, the nice cold lemonade that I am seeping now. All actions are in the present NOT to be had later which denotes some time in the future. It is right now!
In trading/investment, I imagine a scene where my portfolio has made me financially independent and successful, I use my money to bless my family and others and share my knowledge and skills with a large audience on stage. And from here, my thinking commence. I carry this superb, happy, excited, peaceful feeling into my journey of research, chart analysis and others. You can say, it is a skii down approach rather than a climbing up ladder approach.
This subject is deep and requires a steady and calm mind to relax and pay attention to what your heart is telling you. Listen attentively, do not argue and oppose the gut feelings you have, it is a signal , it is telling you something. Embrace it and seek God's help in interpreting it for you. Have patience and not rush things.............
WE already have the money , all of it that we ever wanted. WE are ALREADY profitable. WE are great at spotting trading opportunities. WE are fearless in executing our actions. WE are generous in our sharing because we HAVE more than enough. WE are prosperous and sincerely wants others to prosper too. We are blessed and in turn bless others with our prayers.
