I didn't get to observe today's session as I've attended some personal matters today. I'm glad I was wrong with my market prediction for today. Looks like the market is just going to consolidate now rather than make a correction.
I am still dismayed with my position small position in FLI as it is now down 3.36%. How did I fail so badly on that clear cut signal. However, if it holds at its current level, it is still in the green zone. The trend that will follow would be relatively weak this time though.
MPI also fell by 0.9% today and it looks like it will continue to decline tomorrow. Hopefully, it holds at 3.25 or above. I probably should have waited for the confirmation before getting in. Not trading the plan again.
However, despite of the bad calls I made with the MPI and FLI, it was the right decision to simply observe MEG and AGI. MEG continued to decline today but it is still in the green zone. However, AGI fell to the red zone today so I am removing it from the list. I'll now put DMC in my list. I'll be looking for a confirmation of entry tomorrow.
ALI went back up to its previous trading levels. However, it still looks rather weak right now.
LPZ also looks very week right now. Hopefully, it reaches my entry point before the week ends.
If MEG bounces from 1.85, it will be a confirmation of entry.
Standing at 12.41% gain today of the 25% target.
3.36% paper loss in FLI
0.9% paper loss in MPI
Lesson for today: Idea is like a virus. Stick to the plan.
