Hello Traders!
Firstly congratulations to everyone who participated in the NAS100 Bull run
Fundamentals played a great role in the moves we saw
Now to get to how I caught wind of the move
1. Firstly, I used simple market structure. In as much as this is basic, a lot of traders get caught on the wrong side of the trend when pullbacks begin,
-In an uptrend, the market rallies, consolidates(accumulation) and then rallies again,
The trend is your friend and until something like a big breakdown of price happens, your bias should always stay with the trend
2. Second, I used the breakout strategy, the moment we had news and the market broke outside accumulation, that was the cue to go long
I hope someone gets a thing or two from this post.
Any questions suggestions etc are welcome
✨The idea is linked below✨
Slick⚡️
Firstly congratulations to everyone who participated in the NAS100 Bull run
Fundamentals played a great role in the moves we saw
Now to get to how I caught wind of the move
1. Firstly, I used simple market structure. In as much as this is basic, a lot of traders get caught on the wrong side of the trend when pullbacks begin,
-In an uptrend, the market rallies, consolidates(accumulation) and then rallies again,
The trend is your friend and until something like a big breakdown of price happens, your bias should always stay with the trend
2. Second, I used the breakout strategy, the moment we had news and the market broke outside accumulation, that was the cue to go long
I hope someone gets a thing or two from this post.
Any questions suggestions etc are welcome
✨The idea is linked below✨
Slick⚡️
Trade closed: target reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.