Second video in the same day, hope you liked the first one Both videos are meant to help you understand and approach trading a little bit differently. Hope it helps. One love, the FXPROFESSOR
Sorry guys, I was busy messing around with WK... broke even for the day despite carrying puts overngiht. I probably should have mentioned that when NQ crosses one blue line, it tends to hit the next one down. I thought it would bounce for a day or two first, but RSI did a double dip into oversold (stating the obvious, lol). That is why I wasn't terribly bullish...
Hi guys, so yesterday's dip was bought well but it did not last - good if you have the habit of taking some profit by closing partially and stop-losses at entry to avoid any losses. At this current stage, there seem to be a growing sentiment for a correction so maybe there will be a new dip to buy soon (today?) especially if the price breaks this current...
ES did pretty much what I expected (whipsaw) but boy did NQ and RTY tank more than I expected. Could've shorted the attempted gap fill. Oh well, made money today either way. Definitely expecting a bounce now, but still staying cash. Just not bullish at all on this market.
Market is weaker than I expected, looks like RSI wants to go oversold. I told one of my followers yesterday that it would more than likely hit the next blue line and it did so I flipped all my puts on open. For my new followers, my motto is "take the easy money". Even had a boss nickname me "Easy Money", lol. AAPL appears to be dragging the market down, it...
ES Wave Count - Corrective Wave to $3790
Clear as day here, am heavily long volatility.
Futures (NQ and ES) MFI oversold, not feeling bullish though because 10Y yields are rising
Looks to me like it wants to head up tomorrow because it;s Friday. Short tech when MFI gets pverbought again
Odd action in MFI, NQ went oversold while everything else went overbought Typically we get sector rotation when this happens....
NQ 2 hour analysis - The NQ (Nasdaq 100 futures) is at an interesting crossroads. Observe the rising wedge with bid line drawn from the January 31 low. Notice the negative (bear) divergence on the momentum indicator below. Now look back to the previous rising wedge that topped out on January 26th. Notice the first (yellow arrow) top coinciding with the first...
Not really sure what to make of all of this, but NQ is oversold. Shorting PDD with next week's puts anyways on the runup this morning. If NQ pops up tomorrow, I might've fell for a bear trap, but whatever. I'm holding for a day, win or lose.
Our favorite asset to buy but indices are correcting (dropping) today, in Asia and Europe. What do we do in these cases? Buy the strongest (NASDAQ, at support) and Sell the weakest (we are shorting some European indices, especially France today).
NQ is in a range between 13105 and 13249 what we are looking for here is direction if we dont gain 13249 we can see the lower range break down into 12729 which would stop run Thursdays low