NQ Major Trend Retest
When I saw NQ break its major uptrend from 2023, my immediate thought was that it would lead to an extended sell off, which it did, but it was short lived. NQ has returned to the trendline in a matter of weeks and closed nearly right on it heading into CPI. I expect fireworks based on where ES, NQ, and VX are all at along with many mega caps and semiconductors as well.
I think this is a perfect setup, it may not work and it sucks it triggered in the final hours of the day before CPI. I didn't feel comfortable taking a max size position, which is usually what I do when I see something I think is this good, but I didn't want to risk too much heading into major data releases and other chaos. No need, we should have plenty of opportunity to short in the future if I am in fact right about the market crash.
Remember you don't have to trade every day, most profitable traders don't. You'll end up netting a lot more cash if you spend more time planning and journaling trades while focusing on improving your most detrimental flaws, rather than trading only to make a profit.
I think this is a perfect setup, it may not work and it sucks it triggered in the final hours of the day before CPI. I didn't feel comfortable taking a max size position, which is usually what I do when I see something I think is this good, but I didn't want to risk too much heading into major data releases and other chaos. No need, we should have plenty of opportunity to short in the future if I am in fact right about the market crash.
Remember you don't have to trade every day, most profitable traders don't. You'll end up netting a lot more cash if you spend more time planning and journaling trades while focusing on improving your most detrimental flaws, rather than trading only to make a profit.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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