Crazy market have the opportunity to double at any time
People trend to short the market every time when it goes, they think, too high. For trend following, the strategy is not going to guess the top but just find the effective defensive point and take action. Sometime, the bull market can be really crazy and do you feel the madness, insanity emotion moves around the market yet? No, not at all. The market sentiment is now always distracted by the "trade war". Once the market gets any clear prospects, the index flies.
Got in first position when pull back occur and use 2899 as the protection. Since 2900 ~ 2910, the heaviest area, now acting as support. Looking to add more position with the breakout. As the index SPX500 comes to record high, i have no TP yet as i expect bull market can be very crazy. I will try again to ride the R/R by enlarge my position with constant R stop level like i did on OIL.
Got in first position when pull back occur and use 2899 as the protection. Since 2900 ~ 2910, the heaviest area, now acting as support. Looking to add more position with the breakout. As the index SPX500 comes to record high, i have no TP yet as i expect bull market can be very crazy. I will try again to ride the R/R by enlarge my position with constant R stop level like i did on OIL.
Trade closed: stop reached:
Does add a position but end up failed to break the red resistant.
See this as the buy force turn weaker, and now JOIN SHORT!
Will see if any chance is provided to get into sell.
See this as the buy force turn weaker, and now JOIN SHORT!
Will see if any chance is provided to get into sell.
