For second week in a row, we sold on Thursday anticipating a selloff on Friday but both times it happened on Monday. We sold in good areas but timing was off by a day. I am not comfortable holding a trade over the weekend unless well in profit. It can be argued that trades should be given enough room and time. Valid point but Gaps are a common theme in HSI futures and i have seen gaps of up to 1000 points. I always insist on timing the trades because i personally like to time the quickest moves in the market and then spend majority of the time on the sidelines. Staying on the sidelines help me stay unbiased.
For market makers to accumulate, we retail traders have to sell. In order for us to sell, market has to look weak, indicators have to give sell signals, wave counts have to suggest 3rd of 3rd of 3rd. Up moves have to look laboured while the sharp moves are swift and so on.
For market makers to accumulate, we retail traders have to sell. In order for us to sell, market has to look weak, indicators have to give sell signals, wave counts have to suggest 3rd of 3rd of 3rd. Up moves have to look laboured while the sharp moves are swift and so on.
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No Gap, No Volume, No Break. Incredible. Absolutely Incredible.
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