We are experiencing a historical big crash in Oct 2008. This could happen once in our life time. For those who trade stocks base on long strategy may find hard to gain profit last month.
Due to this reason, I grap the last month many crash opportunity & had implemented a method i called it "V" pattern formation. And it excited me because this method had work so well for me.
Now come back to the month of Nov, we saw a market quick upturn at the beginning due to the oversold last month. I work out my own system that is to help alarm me the market trend & direction.
Some will ask why dont use technical analysis ? No doubt TA did a great job for me & cannot be ignored, but when u are in the practise of intraday basic, TA may not be as accurate as always due to the delayed signal.
A stock guru might have follow tones of good habbit & trading rules but this should not stop them to work with their own system & enjoy their own style of trading. I think a good trading system that can associate well with individually character is also important too.
Cheers for the good trading system together with success !
Elliott Wave Stock Market Update - July 10th
2 years ago
