Finally correction appears!

 Let's see how the uptrend slope being penetrated within the coming week!

Sub-trade after main trade

 

After close of the main trade, there is an opportunity for the sub-trade. But this after trade is quite risky, the buildup for the top is not so strong. The bars at the top are not deterministic. Up/down bars or doji appeared around the top.

Obviously, the accumulation phase before the sub-trade can be seen as part of the sub-trade to measure the stop-loss level before the entry.

重新出發

 I'm completely starting over with a new swing trade strategy, which makes use of the ES/MES futures of SPY to target RR=1:1 trading opportunities.

This strategy is so simple but the most hardship on executing this strategy nicely should be put on the psychological side. Let's dive into the illustration below.

The trade only lasts for 21 trading days. However, 8 days of them are range bounded (i.e. see the red bracket in the HA chart). That means no obvious dominating directions in these 8 days. It's unusual on my backtesting records and this is a psychological torture. If you are not disciplinary enough or faint-hearted, you might be shaken off from the original plan.

Of course, I've increased my frequecy on checking stock chart during this grinding period, I was so nervous obviously! But I still followed to what I've planned and this trade got a extremely good outcome in the end.

One thing should be mentioned is that the future contract should be rolled over manually and adjusted the profit taking and stop loss price on your own as well.

Lastly, any profit should be protected intentioanlly. In this case, I've moved my stop loss from breakeven to the lowest point of 11th June, once it stayed at an attractive profit level since the trade opened.