After reviewing the recent transactions, I think they are quite satisfactory. Figure 1, green circle, opened the first short order. The reason is that it came to the previous consolidation area POC area. This untested POC is generally a relatively important support and resistance. The longer the consolidation time, the more obvious the support and resistance effect. However, this effect is more effective in the first time, and the effect decreases with the number of tests. In addition, looking at the market at that time (Figure 2), there were many new market price chasing long positions after breaking through the previous high, and then fell back below the previous high. This is a typical false breakthrough. So I entered the market price at this position and made a short order. The result is also confirmed.
Figure 3, I closed my short position at the red circle and went long. This long position actually has some market sense and is supported by the corresponding market. As shown in Figure 4, the position did not fall with the market, and the position began to decrease. Instead, it remained at a high level, and CVD kept going down, proving that there were many shorts betting on shorts at this position. According to the previous judgment, once such a market state is formed, it is difficult to fall smoothly even if it is going to fall. It will rise and then fall. The market will not let most people make money, so this is also a major reason for me to close my short position. As for the subsequent long position in the red circle, it was a small-scale triangle breakthrough in Figure 3, and the long position was opened after the retracement without falling back into the triangle (Figure 5). This long position was stopped after breaking through the previous high and the downward trend line, and both fell back to the position before the breakthrough. The same logic applies to the long position exit. In addition, the market also proves that the pull-up in this section is a reverse force formed by the short positions below that are not very smart to chase the short stop loss, OI fell, and CVD rose. (Figure 6).
Then there was another long position. At that time, the non-agricultural data was released, which was very negative. The data showed that the job market was very strong. After this news came out, the market interpreted that the Federal Reserve might make more hawkish actions or other factors that were not conducive to the market's rise. However, from the market (Figure 7), when the price broke the previous low, it quickly closed up. Combined with the S&P futures market (Figure 8), and it was not a formal US stock trading time, but just pre-market trading, so I think it might be a stop loss for the bulls who were betting on a breakthrough on the upper side. After obtaining enough liquidity, it will rise again. So after the first 15-minute K-line after 9 o'clock, the long position was opened, and the stop loss was the position of the lower needle tip. Some people say that your stop loss will not be too large? In fact, my personal operation method is that as long as I know where my stop loss is set, I will infer how much principal I can accept if this order is stopped, and then open my own position according to this principal. Then the result is obvious. The funds in the market still vote with their feet. In the case of such negative data, it still pulled up, instead of falling smoothly after the negative news came out. Of course, the market is not stereotyped. The reason why it can still rise in the negative news and dare to open a long order is actually to give an analysis of the market. I personally think that all news will be reflected in each K line. Since the news is so negative, it is reasonable to say that after the previous low point is broken, it should be directly broken or rebounded. It can't pass the previous low point. Since it broke through the low point and closed up again, why can't it be long? Finally, it is the stop profit of this long order. I woke up at about 11 o'clock this morning and saw that it fell back below the previous high point (Figure 9), and this high point was tested twice in a row and failed to break through successfully, so I chose to stop profit and did not open another order. It was originally expected that this long order could get around 30200 (Figure 10), which is the pressure level of the resonance of the poc of the previous consolidation zone and the vertical supply column of the daily level, but it was still a little bit short, so it didn't work.
The above is a review of the recent short-term trading. I will deduce the following idea later. If it is useful to you, please like, comment and forward it. Thank you.
