Good Morning,
Lets have a mindful trading day - Always start the day with some balance eg (good breakfast-some exercise-some mindful quietness or meditation-balance is key)
Facts - Nasdaq has been in a BEAR TREND since 11067.65. First Bear movement (11067-10759 with retrace up to 10941). 2nd Bear movement (10941-10298) We are looking for a retrace up to 10683.
Objective - long trade entered at 10315. First take profit or stop limit adjustment will be at 10522 as that is our 21 EMA trend line . Full take profit will be at 10683.
Objective 2 Reassess market conditions at 10683 (Will it consolidate and go up-Will it bounce and continue down-Will it consolidate and continue up) - We really don't know this which is why we close our positions and reassess at these levels.
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!e
Lets have a mindful trading day - Always start the day with some balance eg (good breakfast-some exercise-some mindful quietness or meditation-balance is key)
Facts - Nasdaq has been in a BEAR TREND since 11067.65. First Bear movement (11067-10759 with retrace up to 10941). 2nd Bear movement (10941-10298) We are looking for a retrace up to 10683.
Objective - long trade entered at 10315. First take profit or stop limit adjustment will be at 10522 as that is our 21 EMA trend line . Full take profit will be at 10683.
Objective 2 Reassess market conditions at 10683 (Will it consolidate and go up-Will it bounce and continue down-Will it consolidate and continue up) - We really don't know this which is why we close our positions and reassess at these levels.
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!e
Trade closed: target reached:
Great Mindful Trade Everyone!
Feeling grounded this morning! Woke up at 3:30 AM (Not by choice lol brain was a bit buggy!) Took the extra hours to complete a nice meditation session, walk with the dog and a Rollerblade, perfect way to get grounded :).
Lets look at this trade - It is working out very well. As you can see we finally broke out of our descending wedge with support on our 21 EMA & continuing to build support on our trend line. We will continue to monitor this situation and remember to use our exit point at 10683 and reassess from there.