Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
SL: 7.02 TP: 2R don't overanalyze, Trading is not about Analyze, be a Trader, not a Predicter
0.618 Fibo from Nov. 2016 low to 2017 high 200 daily MA channel bottom SL: up to YOUR MM TP: 50 daily MA, at least 2R
If we close the week with something like a gravestone doji, 10800 is the minimum target
volume + RSI + PA + macro data, everything confirms the sell off, strong short, SL over daily R1 10937 TP1 daily S2 @9780 TP2 9450 TP3 8800
Price got rejected at triple confluence area (monthly pivot R2, 76.4% retrace from AllTimeHigh to August low 2015 and trend channel), I will now use scale-in entry to build up short, start with 1/5 regular position size @17500 and will add 1/5 every 200pt if price goes higher. Minimum target 100DMA and later 16000, SL 18037 Also keep watching for RSI divergence...
I don't know whether the bottom will hold, but that doesn’t matter because I know my risk. There is no guru way in trading, he only thing all the successful traders have in common is there winner are far bigger than their loser over a large series of trades.
1.272 Fibo and AB=CD finished, possible reversal from here If 1.4270 not hold target 1.45xx highly likely Since it's an aggressive trend fading trade, only 1/4 regular position and move SL to BE as soon as the price has moved to 1R profit