A successful trader gets when to change your strategy as new information becomes available. Yesterday I posted an idea for a short position but I was stopped out for a small loss. Now we have more data so my strategy has changed to long. Points in favor of long: - we have broken a many time tested resistance - we have a new local high. Not by a hole lot but a...
You can see that nq still isn’t broken out of downtrend. This s seen best on the daily chart. It hasn’t made a higher high so far. It will if it makes it passed 13819 but it has tried for a while now to break resistance at 13735 to 13770 but it failed on multiple occasions. Also you can see nice negative divergence on RSI at bottom of my chart. So I am in a...
You can see that gold took a very big down move today. I think this is a retrace and not a trend. So I think this is where you can buy gold on sale. You can see that gold price now in gray rectangle and has broken out of the parallel channel. Also look at gray rectangle and you can tell that top is a support and my bottom is demand zone. Once below my demand zone...
I am a little late in posting this. I have been not posting as much the last week as work has been real busy. My idea was to retire in a year now from nursing. When my trading money equaled my yearly nursing salary I was going to retire. This would be next year. But now I have been asked to be promoted to head nurse of my whole hospital, which comes with big pay...
I have been in an position for gold for longer than I like to. You can see my original plan here: and paste in link below. Finally hit the target today. It went to according to my plan but it took longer than thought. I had to sweat out some time as I see it fall back and go up and repeat. But it did hold my support line all the time which is why I didnt give...
I am still following NQ closely. I find it most interesting of the instruments I trade right now. You can see how NQ ended Friday at support. I exited my NQ position on Friday for an break even trade. So what next? I have noticed in the past that when an instrument ends a week right at support or a resistance that chances are that it will gap up or down at the...
I have been only focused on NQ this week. To my analizing it is the most interesting setup of the instruments I trade to my eyes. I have been watching my usuals like GC, CL, ES and the Russell but right now they do not interest me. Right now I am long NQ with my stop loss at break even or also the top of the purple rectangle. the rectangle is the do nothing...
I hope you catch the big quick drop on NQ with my last idea. I also hope you exited fast before the rebound. I got out almost at the bottom. I got out after the Doji formed at the bottom. I didn’t stick around for confirmation and just took my money and run! Now NQ back up and consolidating. You can see my short and long set up. We are looking at descending...
A good trader needs to be flexible and my previous target of 12700 is now a secondary target. New primary target is 12700. This is only in a case of a sell-off. I try not to predict directions, only set up triggers and this is true for this idea too. I have a long and a short trigger. Short trigger: - break below 13340 support line. Enter either on breakdown or...
Finally my trigger for gold was hit this morning and I had a limit order sitting since I posted this idea on May 10. (See link below and chart inbeded. It has turned quite profitable with what I believe is a target for 1900. I will watch close at 1900 to see if maybe higher is possible. It is also possible I may exit early if things start to turn.
My bias is a long setup on NQ. But as you can see I have a long and short set up trigger because you never know what price will do. If you wait for your trigger you will be right on direction 100% of time. This does not mean you make money as this is depend on your risk management which by far is most important thing in trading. Long trigger Wait for 4 h candle...
Whenever price for an instrument is accumulating we make to setups, long and short. Because let’s be real, no one know which direction it going to break. We can have a bias as I do,but really just never know. When a trend is happening this is different. You can be more successful picking direction and say trend is your friend in ick a reversal. But...
Gold at very important point here. Gold seems to be accumulating here at resistance. If it breaks resisitance look for first take profit about 1874 and then if this resistance breaks the 1900-1910. If current resistance not break then look for pull back and another attempt with this set up. Targets are all fib extension 1.272 and 1.618.
You can see here that price is currently between a daily support and resistance as MACD slightly on the rise. On Friday price regain a important daily support: Case 1: Price break through daily resistance (black line) buy. You can buy on retest of what would then be support for a conservative entry or on breakout of this same line for a aggressive entry. Personal...
So you can see here I took a position on NQ for sell. I have hit my profit goal but continue to let this run until I see a reason to exit. Right now am using a trailing stop. This could potential be the one of a few trades a year that really add to your yearly profit. Like winning football matches mostly 1-0 or 2-0 or losing matches 0-1. But then suddenly the...
My bias is long on the if resistance is broke through. Though more potential money if it can’t break through this resistance. Green arrow is 1st target. For short enter at 1st down arrow and then ADD at 2nd down arrow for bigger bucks. This is averaging up. Feel free to send your love here 🤗 Ms. Bunny
This is the setups for both long and short scenarios. I’ve been trying to do this more and more so I don’t commit to a direction. I say let price come to me instead of say long or short. The more I do this the more I see the strengths for this strategy. For this set up price has breaken down wedge, but not very strong so still I wait. If price break above what is...
See prior link below I found that that making a setup with a trigger for both long and short makes me to not have a bias. I do what my set up says. In this trade my long trigger was hit so I took the trade and it worked out great. It is hard to go wrong with doing a short and long setup. Then you don’t worry about direction. Let me know how you decide when...