Nasdaq has topped

[Master Pu]

Sell 13942
Stop 14070
Target 13300
1:5

@bone

 

[KCalhoun]

tightening trailing stops 1:10pmET

 

[Master Pu]

My guesstimate is that NQ dips to 13k overshooting the 20 SMA on the weeklies.

 

[maxinger]

@bone

View attachment 258200

You win!

 

[Master Pu]

You win!

Not yet. Gains are unrealized. My worst enemy is V reversals, I can't stand them, luckily they don't happen that often.

 

[maxinger]

Not yet. Gains are unrealized. My worst enemy is V reversals, I can't stand them, luckily they don't happen that often.

you can take some profit now.
and leave some position opens.

 

[Master Pu]

you can take some profit now.
and leave some position opens.

I could, but I don't do that. I don't scale out, and I don't scale in.

 

[Nine_Ender]

I could, but I don't do that. I don't scale out, and I don't scale in.

QQQ has been weaker then the rest of the market at times this year, but choppy. Oil really bullish today and Copper solid. Seems my idea for Ken to pair his QQQ shorts with energy longs was a really good one in retrospect.

 

[Master Pu]

Media channels all in unison making attempts to prevent market from declining. I'm ready to be stopped out to breakeven.

 

[Laissez Faire]

Media channels all in unison making attempts to prevent market from declining. I'm ready to be stopped out to breakeven.

ES hit a key support level yesterday and today. I think we can easily trade back up to ATHs from here.

You entry was excellent, but I'm not so sure we'll go all the way to your target on this leg down.

Fixed targets (unless very conservative) is not always optimal as your forecasted level may both overshoot and undershoot.