Using identifying impulsive and corrective moves to trade as much with the trend as possible..
****the trend is my only friend!
Hence trend should be my 内功 and most important fundamental! !!
As what Jimmy Tong scolded me.. I must trade with the trend as much as possible!
Characteristics of impulse move
1. Very obvious.. the direction can be seen
2. Big red (or white) candles that easily engulf many opposing candles by eating up then(E. G. 1 candle eat up 4 candles ) in the direction of trend
3. In the direction of trend (E. G. Bearish) most of the candles are red ( more than 80 percent are red candles)
4. The close of the candle is near the entire candle low Itself ( I. E. No or v short wicks)
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Characteristics of corrective moves
1. Sprinkling of white and black candles in the direction (50-60 percent of each colour )
Tug of war going on.. less commitment
Hence higher chance market goes against me and I kana stopped out
2. Many spinning tops or Doji ( or g
Hammers and inverted hammers mid of trend). .indicating a lot of indecision.. there is probably no big hands supporting amd mostly retailers fighting each other
(A lot of price rejection pushing to middle )
3.many relatively smaller candles compared to rest
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