Hi guys,
Will post my trading plan and execution here. Hope that u guys can feedback so that I realize my own mistakes:
Trading plan:
1. Select US market stock in play, those in news and limelight
2. Review monthly chart to confirm weekly resistance and support level. Confirm with RSI whether it's in downtrend, uptrend or sideway. Spot for divergence.
3. Review weekly chart to confirm daily resistance and support.
4. Trade near support level and try to spot confirmation using order flow 'level 2'
5. Calculate upside moves and set stop loss at 1/8 of upside move.
ShinjiOno
Will post my trading plan and execution here. Hope that u guys can feedback so that I realize my own mistakes:
Trading plan:
1. Select US market stock in play, those in news and limelight
2. Review monthly chart to confirm weekly resistance and support level. Confirm with RSI whether it's in downtrend, uptrend or sideway. Spot for divergence.
3. Review weekly chart to confirm daily resistance and support.
4. Trade near support level and try to spot confirmation using order flow 'level 2'
5. Calculate upside moves and set stop loss at 1/8 of upside move.
ShinjiOno