andrew.berg
Short

NASDAQ something different this time

CME:ND1!   Nasdaq 100
66 11 0
Nasdaq closed below 8 EMA first time since 16th of May. this time it feels different, because I noticed sector rotation. Money outflow from risky sectors like biotech, technology, social media, high-beta and 3d printing stocks. The key question is if buyers will manage to defend this low or maybe we will see deeper pullback. If sellers want to control price, they sohuld defend $3870-3882 area. $3841 was low, if price will go through then we can see 21 EMA at 3824.
What about that breakout trade you were so confident about?
Reply
andrew.berg vlad.adrian
But it was good, isn't it??
Reply
andrew.berg vlad.adrian
Now, it is point to make adjustments. I am active trader. That was nice calculated trade! Break up of consolidation with well defined risk and nice follow through
Reply
andrew.berg vlad.adrian
I am not investor! I make adjustments and continue trading day by day.
What about you, what is your trading style?
Reply
andrew.berg vlad.adrian
Break out trades in this type of market (strong trend) work very well for me! I will continue following my process
Reply
vlad.adrian PRO andrew.berg
why don't you post some data from your trading account for this trade??? such as open price, stop loss... You are talking about well defined risk... look into your previous chart, where is the stop loss? at the 8/50/100/200 ema? that is what you told me.
Reply
andrew.berg vlad.adrian
Stop was below consolidation support
Reply
vlad.adrian PRO andrew.berg
ok and did u exit or are you still holding?
Reply
andrew.berg vlad.adrian
I use active position management. I always take some profits and hold rest.
Reply
vlad.adrian PRO andrew.berg
Ok so why dont u tell us here how u managed this position??
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