Good Morning Mindful Traders,
Mindful mornings can be the best way to start the day always remember to nourish the mind by using meditation as a tool & nourish the body with healthy food and exercise. This will keep us sharp and mindful during the day.
We completed a great trade from 10315-10700 Friday-Monday. There were many clues leading up to why this leg up would occur and we were privileged enough to have the opportunity at taking advantage of it.
Facts: NDX Signaled a bear run when it failed an attempt to hold support at our 21 EMA on July, 23rd, 2020 (10860). This created a leg down movement which triggered an initial support touch at 10296. This level held and signaled that NDX was ready to retrace to its .618 Fib line (10700).
Objective: The current objective with NDX is too see how it handles current 21 EMA Trend - If it holds it will go above to test 10778 our current resistance level. If it fails at current 21 EMA it will dip below to retest 10440. (21 EMA is the forest green line). I will enter a short trade if it fails at 21 EMA with a exit target of 10440.
Objective 2 Reassess NDX for long opportunity above 10778.
Keep in touch - Lets win trades together-live a balanced life with much fun and joy! Trading is not the be all and end all but it is a good way for us to make some coin!
Please Like & Share!
Mindful mornings can be the best way to start the day always remember to nourish the mind by using meditation as a tool & nourish the body with healthy food and exercise. This will keep us sharp and mindful during the day.
We completed a great trade from 10315-10700 Friday-Monday. There were many clues leading up to why this leg up would occur and we were privileged enough to have the opportunity at taking advantage of it.
Facts: NDX Signaled a bear run when it failed an attempt to hold support at our 21 EMA on July, 23rd, 2020 (10860). This created a leg down movement which triggered an initial support touch at 10296. This level held and signaled that NDX was ready to retrace to its .618 Fib line (10700).
Objective: The current objective with NDX is too see how it handles current 21 EMA Trend - If it holds it will go above to test 10778 our current resistance level. If it fails at current 21 EMA it will dip below to retest 10440. (21 EMA is the forest green line). I will enter a short trade if it fails at 21 EMA with a exit target of 10440.
Objective 2 Reassess NDX for long opportunity above 10778.
Keep in touch - Lets win trades together-live a balanced life with much fun and joy! Trading is not the be all and end all but it is a good way for us to make some coin!
Please Like & Share!
Comment:
Good Morning Mindful Traders,
Lets look at NDX - We saw that NDX fulfilled its target at 10700 and created a short opportunity. We are currently looking to see if it will break and hold above the 10613 level and continue upwards or if it will fail and fall further down towards 10440.
Lets have a great trading day!
Lets look at NDX - We saw that NDX fulfilled its target at 10700 and created a short opportunity. We are currently looking to see if it will break and hold above the 10613 level and continue upwards or if it will fail and fall further down towards 10440.
Lets have a great trading day!
Please make sure you have your stops set either to par or just above for some small profits. Still a choppy day but always want to manage our risk.!
Cheers