Thanks to the loyal fans who have stuck around, let me say a few more words before going to sleep.
It's now 4 AM, and the price has reached 86,900. In the post last night at 7 PM, I mentioned that the high point indicated by my trading system was around 85,600 (at that time, some people didn't believe it) and now it's far exceeded that level.
So, moving forward, I will consider looking for a pullback, which means after some consolidation, there will be another rise to refresh the high point. Get ready for positioning tomorrow.
Another point, I've noticed that many people like to look at liquidation charts and the position ratio. Are you basing your trades on this? If this is useful, why focus on the market?
I, Feng Lang, never look at external market data. You must remember, what you can see has already happened or is about to happen; it's all designed to confuse you. In the capital market, the 80/20 rule never changes, and I won't accept any rebuttals!
Personally, I believe that whether it's liquidation charts or news, they all have a time sensitivity, and ultimately, you need to return to the market's price movement. This is the foundation of your trading. Spend more time and energy studying the market trends, and in the end, you will thank yourself for the tireless efforts that have brought you rewards.
I have said a bit too much today, if you like it, please follow me; if you don't, just skip it.