The trend is back in favor of the bulls! Some people use trend lines to determine trends, but I use Bollinger Bands to determine bullish, bearish or neutral conditions and in today's video I explain how I use Bollinger Bands to determine that the E-mini Nasdaq 100 Futures are now back to being bullish and how my strategy triggered a long setup with a target of 15,350 in the coming week(s). I also use a 10 day simple moving average and my indicator (Free here on TradingView) Beacon to help guide my trade and help me manage risk.
This is not financial advice. This is for educational purposes. Do your own homework. This is how I think and I am teaching you how I think, not telling you what to think. Past performance is not indicative of future results. Derivatives not suitable for all investors.
This is not financial advice. This is for educational purposes. Do your own homework. This is how I think and I am teaching you how I think, not telling you what to think. Past performance is not indicative of future results. Derivatives not suitable for all investors.
Comment:
Nice pullback so far into yesterday's range which gave some opportunity for me to scale in. I expect it to be choppy and grind higher for the rest of the day today and will not add outside of yesterdays range. Will continue to look for pullbacks inside yesterdays range for scale in longs.