sosgoodlfc

NDX - Knife catching can go wrong

Long
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Rising yields creating inflation fears and rate hikes being priced in. But this market is on crack & will most likely bounce back because the party can't be over. J Powell could jaw bone this market to all time highs just by saying he's going to do yield curve control.

Comments

Knife catching is the worst! :(
+2 Reply
sosgoodlfc Wicktator
@Wicktator, It sure is. But you can look for basing on shorter time frames to find nice trend continuation entries.
+1 Reply
Wicktator sosgoodlfc
@sosgoodlfc, i used to catch knives all the time! But now I just wait for a trend reversal confirmed by a retest. Which has been working out really well!
+1 Reply
sosgoodlfc Wicktator
@Wicktator, Yea the retest method is a good technical pattern. I personally like it a lot for broken contracting triangles. The above is just an aggressive idea, definitely wouldn't touch it on the downward momentum we're seeing atm.
+1 Reply
Smashing it bro!
+1 Reply
sosgoodlfc AlkalineFX
@AlkalineFX thank you. Nice basing on the 30 min would’ve gotten a much better position but it’s funny how it snapped back to that range on the daily candle sticks.
Reply
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