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Fulfilling a promise to share my trading Part 2

Hello everyone, i haven't been publishing much this week due to some platform migration issues. So, keeping my fingers
cross that all will be resolved next week, Now, i'd just concentrate on delivering my educational series and hope to
continue to benefit the trading public.

In the first part, i shared a very simple momentum trading strategy. Simplicity works and allow you to make quick decisions
if you are doing day trading. However, it does work on longer time frame as well. Do your own back testing and see how to
make a strategy yours.

So, after the strong up move, which i defined as the "impulse" move the instrument will come to a point where it loses the
momentum. Profit taking, sellers taking up new positions, some news announcement whatever the case is. It doesn't really
matter why. As a trader my thoughts are: "i want to go long assuming a longer uptrend is forming". Start to build a case
around it. You can be on the sell side if you want to but my experiences tells me the chances of it going higher is there.
What if it doesn't? Well, that is why I have a stop loss in place.

สแนปชอต

So, if you refer to the chart above, the market is in the 3rd stage of the impulse move. Usually from the 3rd to 5th move,
i don't bother too much until the uptrend line broke. So, the market has pierce through several structural resistances before
a nice shooting star formation ended the impulse up move. Why do i still want to long? Again simplicity is at work. As long as
the previous "New Structure High, Higher Low" remains intact my view does not change. There are tons of information which
you can google on these terms. Feel free to study it.

I'd be back on Part 2.1 with the actual trading plan as soon as possible! Till then, try to understand not the trading but how i
shape my thinking before i trade it. Nothing is more important as developing the thought process.

Chart PatternseducationHarmonic PatternsidealspsychologyTrend Analysis

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