It has been nearly two months of sideways in the Aussie market and a nice triangle congestion pattern is building in the chart of the ASX200. My favourite moves are breaks of congestion and I love it when the market breaks and runs, but of course we don’t know when and in which direction it will take and patience is key. Only time will tell how the market will unfold.
So, how are my trades performing under this kind of market condition? Watch my video update below to find out.
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| Market Video Update |
My latest market update video below showcases how I have been handling the current market congestion and an update on a few current trades. So, hit the play button below, watch and enjoy.
If you have any difficulties playing the video from this web page you can watch it directly on YouTube from this web link: https://youtu.be/Ty1SH78VUTI
I teach in detail my trading systems, my rules and strategies in my Ultimate Smart Trading CFD & Share Trading Mentor Course.
I trade the markets predominantly with two systems. My long-term weekly system buys and holds healthy shares anywhere from a few months to a few years. I will cut the shares that do not stay healthy and keep any losses small and the ones that remain healthy for the longer term I will continue to add to, and build positions in, to maximise on their growth and create those bigger wins in the market. My medium-term daily system has a shorter hold time and focuses on swing trading and holding CFDs from a few days to a few weeks.
So if you want to get inside my head and understand how I think as a trader and to know more about the various trading tools, money management strategies, my trading routine, market exposure guidelines and more, then check out my Ultimate Smart Trading Mentor Course.
| Finally |
When the market is not trending nicely, there is no need to rush into trades. It is important to be patient and wait for the signals to appear. Act without acting.
Cheerio for now
Justine Pollard
Author, Private Trader & Trading Mentor
‘Discover the Smarter way to trade’
www.smarttrading.com.au
justine@smarttrading.com.au
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