Beautiful Pennant Pattern during a bull market.
I will buy the breakout at 24,050 and "climb the ladder". i.e. each 10 points I will buy 1 or more contracts with a 19 point target for each entry.
I will buy the breakout at 24,050 and "climb the ladder". i.e. each 10 points I will buy 1 or more contracts with a 19 point target for each entry.
Note
The futures markets are saying there is about 100% chance of a rate cut by the FOMC next Wednesday 9/17/2025. It is possible that will add rocket fuel to the breakout.Note
When I saw the 8:30 AM Hammer with lots of volume form at the 23,877.75 Support, I rode the flagpole up in like mannerNote
Every 0 (i.e. 23.880, 23,890, 23,900...) I buy 1 or more NQ contract(s). At every 5 (i.e. 23,885, 23,895, 23,905 ...) I buy several MNQ contracts. Each entry has a 19 point target. The result - every 5 points the cash register rings up another sale. Climb the Ladder. Trade active
History is made. The Dow closed above 46,000 for the first time ever. Some years ago, I remember every night the nightly news would post the close. Every night it was the same - ~440. It didn't move much. Note
Charlie Kirk 1993 - 2025 R.I.P.Note
Fri. 9/12/25 09:09:00 24,050 fxWorst case: px drops
Answer: So what. I hold. Barring catastrophe, it will hit its 24,069 target. In the meantime, I keep trading.
Note
Fri., 09/12/25, 09:45:00 AMFrom prior MNQ and NQ trades, today, so far, I have banked .21308 Rs, R = 1% of account.
.21308 x 5days x 50 weeks = 52.595% AROI
The Points:
patiently following a plan works
small gains can crush the markets
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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.
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.