Praise Lord. How true that statement is and I hope it had brought some form of wealth to those who longed with us here.
Now the Oil has broken out of the resistance at 61.85, we expect a pull back soon. Again, take your profits (you decide all or partial) , adjust SL and watch the price corrects before deciding the next buy plan.
Before this news was published at 903am EST or 1003 am SG time, I had initiated a long position at 903am SG time or 803am EST time , i.e. 1 hour before. No, the purpose is not to impress you that I can dictate the market but rather most of the information that you need, politics, business, demand and supply, etc are all in the charts. And I long it on the 1H chart which breaks out from the bearish trend line.
News like this are nice to have for me as I cannot cope with the myriad of information coming from all over the place as I manage a portfolio of stocks, indices, forex, commodities, etc. To excel just in one product would require lots of time and still maybe only acquire a fraction of the knowledge. So, I spent more time on my charting skills and backtest it again and again and again.
By the grace of God, I have discovered with proof that my timing is near perfect each time. Before, I used to panic when I make some money , fearing it would be gone had I not withdraw it fast, creating a mentally stressful time for myself and family. In short, there is no peace.
In all business we do, there must be peace. This equilibrium must be maintained so that you continue to enjoy your work. And you will discover it is OK to make 100 or even 1000 less today because you know there are much more you can gain tomorrow. There is abundance, no need to get yourself stressed up to make that loads of money within a fixed timeframe. That kind of thinking is myopic and makes one anxious ,at least for me.
Also, truth betold, I do not have a fixed time to trade like some traders. Is it London closing or before NFP news or whatever ? In fact, these news I often read about it to help me further confirm my bet on the direction which is already in my chart is on the right track. Macroeconomics like GDP, interest rates, etc are to me, interesting to read up and for acquiring some head knowledge, that's all. Nobody can tell you for sure that the up move or downfall of a product is due to an event a hundred percent.
So, why not focus on the one thing that matters? Charts, for me. For others, it might be a customised indicator or some algorithms. Maybe, I am old fashioned , haha, just trend line and price action is all I can manage, too much and I am drowned.
Ok, let's not forget the most important thing - we should focus more on the maker (God) and not what is made (profits or money from trading). When you focus on the former, you gain access to his kingdom and all knowledge, wisdom and power will be bestowed upon you.
Some followers have asked me for trade signals, trading courses, write a book ,etc. I would be lying to you if these thoughts have not crossed my mind. I am humbled and reminded of Proverbs 19.17 - Whoever is kind to the poor lends to the Lord, and he will reward them for what they have done.
So sharing is Good and to put a price tag on it for which I received freely and abundantly from the Maker does not seems to make sense to me.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.