The set-up behind $NOW was discussed during class just 2 days ago. Luckily, a play appeared the day after.Dissection and discussion will be done later in class as their seatwork for replication and proper setting of expectations on the trade. 🙂
EOD -> Sold Intraday
Buyback intraday -> Sold intraday
See you in class later!
Looked for actual trades to discuss in class. This was not my forte set up but the $X trade below shows a good story that if you understand and use combinations of ZFT tools properly, you may earn even in this kind of market.
$MRC Trade will also be fun to dissect as it shows why you should expect that resistances resist.
These actual trades will be discussed in detail (the why, the how, and my psychology behind it.) with Batch Zenith next week but sharing these in my blog in case you’d like to do detective work.
Goodluck on your trades everyone. 🙂
When I make a trading plan, I make sure that I can react whenever price hits specific key levels on my 3 C’s (Continuation, Confirmation, and Correction). Having so will enable me to act with less emotion on the trade since my mind is already prepared wherever the price may go and all I have to do is follow my desired reaction for each “C”.
However, there is always the unknown variable, which I call ‘Deviation’. My reaction whenever the market deviates from my plans would be based on my experience with that ‘event’ as it unravels.
On this recent $VITA Trade, it appears ‘Correction’ had happened, therefore, I executed my final tranch sell once it hit my last bearish key level.
Hope you learned something new! 🙂