Monday, May 26, 2014

956 - sniper

I was thinking, maybe similar to Nial Fuller, I should focus on the next zone.

How it reacts to the next resistance/support zone, determines if I should continue of check-out.

Maybe how I enter the trade should also be the same logic. How is the price currently reacting to the zone? Bearing in mind that I should follow the trend. Which means, I have to understand the long-term trend, is it a bull run or bear run.

The above is my winning trade. Currently, price is facing a slight resistance at 81. Whole numbers usually causes some form or reluctance. But I think the stronger resistance is at 80, which has caused more resistance 1 year ago.

The above other trade of mine is a losing one. But it is currently fighting back with the help of a support zone.

If I have to adopt Nial Fuller's style instead of MasterGunner, I have to remember to trade like a sniper. MasterGunner is more like a machine gunner, spray shots all over, and getting good hits on average.

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