Hi traders, this is another one of my day trading strategies where I tend to take positions where the market has a high chance of making big moves and this is how banks and hedge funds trade. So we have the Nas100 that came out of the contraction phase and now its currently in the expansion phase and the fact that the market is bearish on a higher time frame, any short opportunities is worth taking and i'm already short so lets see if we will get that big move down. Pay close attention to the middle line of the box because if the market goes over the line then we will be looking to go long.
During the expansion phase, the market usually sets a low/high and then quickly reverses to the highs? lows of the contraction, depending on what the trend is on a higher time frame, the market will follow it and the turning point is the middle line of the contraction.
This is one of the strategies that I day trade with my WhatsApp group and we will follow this market and react to it at every turning point.
Any opposing comment, views or arguments are welcomed!
This was the money ball right here👌
As soon as I saw the set up.. I just knew it!
Let see how far down the rabbit hole it's going.. still in it for the kill💪
Joseph_Yabwa
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@kasart, yeah that’s definitely the one will make you love trading! Painless, no stress & money almost in the bag!
kasart
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@Joseph_Yabwa, I'm always going to stress at the end tho.. haha
I'm not a big fan of that 15:30 -16:00 new york shift. Something crazy always happens
Joseph_Yabwa
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@kasart, yeah trust me fam but it’s good that you are aware of it because it makes you prepare especially when you are already in a trade. The reversal today the New York open was a big one too
As soon as I saw the set up.. I just knew it!
Let see how far down the rabbit hole it's going.. still in it for the kill💪