chartwatchers
Short

NASDAQ 100 Index - Short play to the cycle low

FX:NAS100   NASDAQ 100 index of US listed shares
1981 15 58
4 months ago
Due to my cycle count we will be heading down the DCL during the next 5-9 days.
At least we should test back the breakout at 4737 $.

Notice the 4hrs chart RSI divergence and MACD divergence.
I would suggest to use stops at this trade:
1. SL: 4820$.
2. Or you can use the blue trendline as a stop loss. If a significant close - price breaks above the blue trendline and close there - will be I will close the trade manually and post it here.

I think gold's yesterday night breakout is predicting a fall in stocks in the rest of this week.
4 months ago
Comment: It looks good. Seems we entered the perfect hourly candle.
One could set / move the stop to break even.
snapshot
3 months ago
Comment: Don't forget to use the "trendline stop"
snapshot
3 months ago
Comment: On the picture I've set it how I'm moving my stop now.
3 months ago
Comment: Taking profit on half of the position
3 months ago
Comment: Price is 4774.
3 months ago
Comment: Closing the other half of the position at 4794.
3 months ago
Trade closed manually
oilyprata
4 months ago
Thanks Arpi! :)
+1 Reply
Parabolica
4 months ago
Salut! I hope you don't mind my asking. On which theory is your cycle count based?
+1 Reply
chartwatchers PRO Parabolica
4 months ago
I have my own cycle counting on every vehicle I trade.
Reply
Superkloton
4 months ago
You’re a freakin’ wizard!
+1 Reply
newwarez2
4 months ago
Maaaan, you are awesome, you seem to get every anticipation right, with this one and the gold ive made around 30% profit from following you ! Can't thank you enough, you also made me learn
+1 Reply
Bearbud
3 months ago
Would you use SQQQ to short the nasdaq 100 index?
Reply
bertcoin PRO Bearbud
3 months ago
I used QID (2x bear QQQ) on the first short call (a little under water now) and kind of doubling down with SQQQ today. Following Arpi's stops with alerts on NAS100 to do manual stops.
Reply
Bearbud bertcoin
3 months ago
Thank you, how do you know what the stop is when he says use the trend line?
Reply
bertcoin PRO Bearbud
3 months ago
Manually. Each day I set an alert on that day's trend line value on TradingView. If it hits the alert with momentum (and/or Arpi posts that he's bailing out), I'll manually close my QID and SQQQ positions.
Reply
Bearbud bertcoin
3 months ago
I guess I need to google how to use Trading View since I have no idea how to set an alert on the days trend line. Thanks again!
Reply
bertcoin PRO Bearbud
3 months ago
Never ceases to amaze me how the market works and just "tags" things (trend lines, moving averages, fib numbers, previous highs and lows). Tagged the trend line and retreated. Still holding short....
Reply
Bearbud bertcoin
3 months ago
Arpi hasn't commented on this trade in 6 days, are you still in it?
Reply
bertcoin PRO Bearbud
3 months ago
Still in. Moved nicely off the trend line. Finally just broke even on the QID and SQQQ. Target to get out is still if and when NAS100 gets to around 4740. I am carefully watching Arpi's other posts, especially today about current trends and may get out sooner if S&P reverses up before Arpi's targets.
Reply
Bearbud bertcoin
3 months ago
Thanks Bertcoin. Do you know why he closed the LABU trade? He originally said it was going to take off.
Reply
Marvin
3 months ago
I don't see how you weren't stopped out!
Reply
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