possible ABC or Bull Flag spotted, for fun only. NOT TRADING ADVICE!!!!!
Following this idea with real money can make all your money vanish!!!!
Following this idea with real money can make all your money vanish!!!!
Comment:
if this was a real trade entered at 13082.25, the stop would be moved into profit, at the 13152.25 level, leaving $1,400 in gross profit per contract moved, IF the stop was hit after being moved to profit.
Comment:
Moving stop up from 13152.25 to 12200 right now would be a smart move as this appears to be running out of steam. Doesn't mean its not just building support for the next move up but why leave 47.75 Points on the table? that's an additional $955 per contract moved.
Trade closed manually:
The trade was technically stopped out in profit, at the 13200 level, from 13082.25, leaving $2,355 before fees, per contract. Holding these futures contracts with cash in a self directed IRA is Possible but do so at your own risk and be warned.. you can lose more than you invest.
In the event of an unexpected drawdown and retest, like what we saw today when the NQ went from 13350+ to 13199- in less than a few hours, you could look for exhaustion on the adverse excursion and then start buying calls on the NQ that are then near the money, again at the bottom of the impulse correction. Buying the 13200 calls when the underlying futures market is bottoming out near 13199- would put you up near 50% on deployed capital just in the last 20 minutes.
In the event of an unexpected drawdown and retest, like what we saw today when the NQ went from 13350+ to 13199- in less than a few hours, you could look for exhaustion on the adverse excursion and then start buying calls on the NQ that are then near the money, again at the bottom of the impulse correction. Buying the 13200 calls when the underlying futures market is bottoming out near 13199- would put you up near 50% on deployed capital just in the last 20 minutes.