Although the market has been rebounding in recent days, it is not yet a unilateral uptrend. Once you take profit, you basically need to push back in at around the current price; if you don’t, you’ll miss the move. A market that rises 8 fen and falls 2 fen is a unilateral uptrend. Therefore, for now, it should only be treated as a normal rebound—more specifically, an oversold rebound at the daily-chart level. This is also not a rebound-short scenario, because the daily chart has already been completing a base-building process. Typically, longs are much stronger than shorts, and shorts are in a weaker position; a shorting-the-rebound setup therefore lacks initiative for short-term trading.



So for the take-profit points each day, you should try to take profit as much as possible. Selling half, then waiting for a pullback and topping up a bit more is fine. This lets you compound returns—you don’t need to hold rigidly. For example, if in the morning it touches around 64,000, you should definitely take profit on part of your position; then, on a pullback to around 63,555–63,333, you can add back. As for yesterday, your long positions’ floating profit pushed another 1k points higher, so you can add positions with more ease.

If this Thursday’s CPI cools as expected, a “rate-cut bull market” will form, and then there will be a period of genuine unilateral uptrend.
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JarOfCandy
· 07-06 01:11
How to join the group? @nikels898
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