Ok, back to IXIC, we are finally trading above the mythical 10k! And we are so proud to be part of it! We have been bulls for weeks, when everybody was saying the world was going to end. Now we booked most of our profits (we booked more today, as I gave the signal in my social media).
Yes, the trend is extremely strong here, but I think it’s wise to book profits as the market gives some signs. If you are a bull like us, you could wait for a at the hourly chart to sell your positions. That’s a good strategy and by doing exactly this we avoided five bear traps last month (yes 5!). Or if you have the guts for it, just wait for this purple be lost.
Let’s see the for more clues:
Well, IXIC just left this weird , haunting the bulls. Could this be a Doji Evening Star? Let’s see if it will be triggered tomorrow. And that’s interesting, because another good strategy for you to book you profits is to set an intelligent trailing stop at yesterday’s low. Simple as that.
But let’s face it, even a pullback to the 21 wouldn’t scratch the bulls here and wouldn’t be scary at all. In any case, it’s wise to sell our positions and wait for the next move.
Public trades (links below):
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
Remember to follow me, I’m a trader who uses the classic (barely any indicator, just the candles and the ). Like this idea if it helped.
Thank you very much.
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But the bear traps I warned you guys here was when SPX did some very clear bearish candlesticks patterns at the daily chart, but they were only pullbacks at the hourly chart. It's because I always like to do a mtfa that we avoided these traps.
That's it, Mr. Freak, the Mighty!
My best regards to you.