I’ve just return from my wedding and also three week honeymoon in a remote island called Ithaca in Greece.
Everything I love about this tiny island is all thatthere are traditional Greek taverns, food, along with scenic beaches and perspectives which we only see in paintings.
With the limited internet access, during the time that I have not managed to trade the markets in any respect.
If you are about to take holiday or you’ve just came back getting back into trading can be a real challenge.
Today, I’m going to share with you my recommendations I use to get back into trading after a very long holiday.
Measure #1: Meet up with all the main market
Start with the most important index.
If your watch list comprises the top 30 stocks forex trading listed on the JSE, then you’re going to have to first open the JSE All Share 40 index graph (Al Si ).
In your Meta Trader 4 stage, you will observe the Al-Si as’SA40Fut.a’.
You’ll then examine the price-action of this chart to learn how it moved as you were off.
Make note of and identify the market environments the Al-Si suffered and then ask yourself this crucial question.
“What trading environment could be the ALSI currently in and which way is it more likely to head from here?”
There are only three trading classes the marketplace can move.
Bull market — The Al Si is at an uptrend
Bear marketplace — The ALSI is in a downtrend
currency market — The Al Si is at a trend
Let us see all three scenarios so that you know what to look out for next time.
The Bull Market
From 23 June 20-16 up until 1 December 20 17, was the previous time that the ALSI was in a Bull market showing higher lows with a powerful uptrend.
The Al-Si subsequently broke below into…
The Bear Market
By 1 December 20 17 until 24 April 2018, the JSE subsequently had a bear-market revealing lower highs sufficient reason for the robust downtrend.
The industry then broke over the downtrend stepping into a congestion period also referred to as…
Since March 2018 up’till today, the Al Si has been in a sideways market.
Side note:Fortunately, I went when I did. As a breakout trader, I simply trade in direction of the break out. Thus when the ALSI breaks out from this sideways market, that’s when I will expect to get back into trading.
It is a must observe the way the major index transferred as you were off. In this way you’ll be able to catch up to what you may get to exchange in the future.
Tune into another BlackStone Futuresinformative article for a part 2 of “The way to put back into trading after a well-deserved break”
“Wisdom yields Wealth”
Analyst, BlackStone Futures
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