I recorded the video abit late:
There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics).
I did set my EP at 31282 but the price volatility caught me off guard...
1. Price was on the uptrend with the low getting higher and price increase accompanied by increase in volume.
2. Entered Long with a wider SL but TP @ next Resistance level.
3. Will share the outcome of the trade in the comment.
1. Did a long trade (paper trading) on e-mini Dow Jones.
2. Reason for the long trade:
a) Price do a higher lower; a UT bar appears but the next bar overtake the UT.
b) Volume is supporting the upward move.
c) Strong support level at 29910 range.
3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is...
Sign of Strength in the chart:
1. Reversal setup with Strength bar
2. Pullback with NS near support level
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Green Pentagon in KLSE and Finance Sector
2. High volume upbar
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Pullback in hourly chart
2. Gap up with wide spread bar
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Signs in the chart:
1. Heavy sell-off (oversold)
2. Inverse Pullback
3. Break above the upper trendline
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Stopping Volume
2. Sideways accumulation
3. Shakeout
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Reaccumulation with effort bars
2. Shakeout in reaccumulation
3. CoC in hourly chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Long period accumulation after climatic volume
2. Solid support
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Weakness in the chart:
1. Buying Climax with Up-Thrust high volume
2. Sell-Off bar in hourly chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Accumulation in Weekly Chart
2. Pullback Completed with Green Pentagon
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Strong accumulation stage
2. NS signal in the support
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Weakness in the chart:
1. Bearish market stages with Red Pentagon
2. Sell-Off with high volume
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. High volume with change of trend
2. Reaaccumulation stage
3. Shakeout completed
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Line Change high volume
2. Downbar low volume
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Sign of Strength in the chart:
1. Pullback setup
2. Close with support with right market stages
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
1. Did a short trade on FCPO as the signs point to downtrend.
2. Price doesn't agree to downward movement as the upbars vol. is higher.
3. We flatten the trade at 5 points cut loss.
4. We then observe the chart and price seems to be moving higher; we have entered Long and will update whether we have achieve target or exit with loss.
