Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a swing trader. Please keep that in mind when you view my charts.
As always, I appreciate each and every comment and follower! Good luck to all, and may we ALL profit!!
Thank goodness China didn't back out of trade talks thos week in retaliation to the blacklisting. That's a sign IMO that both sides know they need to make progress. Nothing has changed. Futures look good. Good luck!
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My technical and fundamental analysis. See how I do it and my thought process behind it on my new video. YouTube Dumb Money Trader
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All this AH is just noise. Nothing is guaranteed until trade talks conclude. I'm still long. Will stay that way until something changes.
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My chart analysis is still in play. I'm still holding my long positions.
Thank goodness China didn't back out of trade talks thos week in retaliation to the blacklisting. That's a sign IMO that both sides know they need to make progress. Nothing has changed. Futures look good. Good luck!
MimiTruong
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All charts are ugly. I would go with the flow and short all the pops. Curious to understand why you go long against it ?
Bankuur
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@MimiTruong, I buy the dips. I don't day trade. Going with the flow is what gets people in trouble unless you're a day trader. I swing trade, so a few down days (even a weeks worth) means nothing to my strategy. Fundamentally, there is really nothing wrong with this economy except the trade war. Once in a while I do go short, but my bias is definitely to the upside. If I short, it's usually in and out.
MimiTruong
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got yah!! I’m both swing and day trader. I take profit and run as fast as I can. I found it’s hard to swing any thing over night in this choppy and news driven market. Mostly waking up to get kicked by gap up or down.
Bankuur
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@MimiTruong, I'm a swing trader also, but a little longer time frame. I don't look a day or 2 out usually... I like longer. Up to a month for me is good. However, most of my positions hit my profit goal within 1 week.