Nathan_Black

Trading in the market at its ATH! How to proceed?

TVC:IXIC   NASDAQ Composite Index
Hello my fellow traders! I hope you are all doing good in such a historical day for the market! But what should we do from now on? No resistances to guide us... just supports... weird, right? How to deal with this? Well, I have an idea, but right now, the most important thing is to follow me (before you forget!), so you can keep up with our trades and analyses! Also, check my social media for more “real time information”, the link to it is below.

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 bearish signs. If you are a bull like us, you could wait for a bearish pivot 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 trendline be lost.

Let’s see the daily chart for more clues:


Well, IXIC just left this weird doji , 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 ema 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):

XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%

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 technical analysis (barely any indicator, just the candles and the volume ). Like this idea if it helped.

Thank you very much.

* LIKE this idea and FOLLOW me, because:

- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *

* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *

Comments

Well done Nathan!
When you mention about the bear traps, those are the five times the price touched the 21 ema?

Thanks!
+1 Reply
Nathan_Black sirfreakthemighty
@sirfreakthemighty, Hello Sir Freak! I forgot to mention that the bear traps was on SPX! I'm sorry, my bad - and what's worst is that I can't edit this analysis now.

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.
Reply
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