What is more profitable to trade your intuition or specific technical things? This is a cool question that a trader will ask and ask himself more than once on the way of his formation. Or maybe even trade Biden with his Psaki or Peskov with Belousov?
You can trade indicators, Fibonacci numbers or Elliott waves. The question is where from all this you can build a system that will teach you how to understand the market. Can you understand the market by Fibonacci retracements? OK. Can you understand the market by Elliott waves? also ok. Will you trade moving averages or MACD? Excellent only if you understand what is happening in the market.
The trader’s experience suggests that understanding the market does not come through indicators, news, elliott waves, fibonacci. The market is money. Here you need to understand this. And this is critical. Here is an example of Mechel, which still maintains the level of 80 rubles. You think what is holding the paper is only the money of the person who collects the pose. What forms a set of positions? Levels. And what is the position for what? For the sake of the trend. These are the trends and levels in the market and there is an understanding of it. Why trade all sorts of psaki and biden, why listen to silane and nabiulin. They complement the picture of the market – but do not change it in essence. Not a single statement of the mighty world did not change trends, but simply led to the wringing of papers from the population. Think about it.
So intuition is also at first, at those times when the market is not understood, it only interferes. Because it’s not intuition – it’s just a confusion in my head that gives out solutions that seem intuitive.
This I mean that our channel is not an intuitive trading channel, we can joke and have fun in the chat, but this does not change the essence. Work is done from levels. Trading ideas have either a technical idea or a clear and understandable fundamental one.
Now let’s move on to the market situation.
The market remains “none” for now. Let’s look at it in the order that is traditional for me:
DOW JONES. The most interesting, in my opinion, is the Dow Jones. Why? On the fact of yesterday’s close, it was bought back above its recent range. He continues to stand on the line for the fourth day, but he is not allowed to fall down. It’s good. This speaks for continued growth.
SP500. There was also a timid attempt to fall, which ended in a ransom. All in all it was a standard day. Nothing significant happened.
Nasdaq. It can go to correction, well, let it go, because, just for the sake of decency, it is necessary. There will be a correction, but not a reversal. There are still a lot of securities, which grow and grow on the bottom. An excellent example of the mentioned SOHU.com trading idea, shows that not everything on the “overbought” deposit should be corrected. And there are SOHU like uncut dogs, for example, the same Weibo or Baidu. All of them are Chinese companies on the NASDAQ exchange.
Black gold remains in the range of $ 72-76.5. Until it comes out somewhere, it will hang out here. Personally, I am confident that the trend will continue. But now it is already a fortune-telling. There is a range, there are its boundaries. You only need to trade this. This range is not terrible for our market.
Russian indices are going minus against the wind. Why is this happening? I associate this with dividend gaps and the subsequent technical decline in these issuers, some corrective movement in oil. Everything. I see no other reason. Maybe you see? Unsubscribe in the comments.
The MICEX remains sideways with the lower border of 3770. This border is important. She should be watched. I am sure that the market has no plans to break through it and gain a foothold below it, yet.
Read about the most interesting and promising on the market today in a more complete version of my post on the telegram channel @perfilov_invest
With you was Alexander Perfilov, the author of the telegram channel “Glance at the Market”