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Lond NQ 13480 Stop 13450 Target 13590

Closed 13480

We'll see, it's looking good.

Dropped that for -27

Hedged with Long at 13513

Rejected

Saved!

Isn't it the seller who takes the risk (the one holding crypto)? If you were to sell a house for bitcoins and didn't convert to USD and in few days your crypto was to lose 30% of value, you'd be out of pocket for substantial amount. As you said, crypto can be a volatile market.

Thanks for the chart. I like the 50% fibs

When oil producers start to hint they want to sell oil for crypto, this will be game over for crypto. It's been permitted to exist as long as it doesn't interfere with the reserve currency.

Weekly chart of Nasdaq composite.

Crikey! I've just spotted the same signal I saw on daily chart on the weekly! Totally counter trend, but it's usually solid. I know it's an uptrend, I'm not THAT thick, but this thing is solid usually for reversals. Let's see what happens.

And I am Long Coffee, really see it catching up on gains in other commodities, great start to the trade so far.

Fantastic!

Thanks. With all due respect, there is no such thing as THE method & THE strategy. We trade how we see fit, we make mistakes, we learn, we adapt, we move on. What you may have done is not necessarily an optimal strategy if market continued to decline. See what I mean. Have a great weekend pal.

Not dead yet, cash close looks to my half drunk eyes as a gap closure and rejection, so just maybe we head lower next week.

Thanks bud!

I will definitely exploit this strategy in future trades.

I didn't have to go long NQ necessarily, no issues as far as I'm concerned. The main point is that there should have been a hedge at that time.

In hindsight, I should have hedged by going long via another account when NQ came close to my target and especially upon a double tap of that level. Live and learn!