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  • #921
  • Nov 8, 2024 12:11pm Nov 8, 2024 12:11pm
Quoting Fadhl
{quote} Good day! In order to get a real retrace, we need buyers to take profit. If this happens today, price will go fast down and weekly close will be around 20500.
I'm not betting on any real pullbacks for the next 2-3 weeks, but I think tech will lag small caps and the SnP's in a continued bull rally. Tech is not necessarily part of the "Trump trade", but everything will be rising with the promise of reduced taxes and regulation under the new regime.

Big weekly candle about 1,250 for NDX, but I'd bet we won't see another like it for the rest of the year. We could see 22,000 high by mid December, but I'd bet that will cap it. I am doing cheap time spreads, targeting 21,600 by 11/25 week.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #922
  • Nov 8, 2024 1:11pm Nov 8, 2024 1:11pm
Quoting Fadhl
I'm going to take the risk and put a Sell Lmt order. {image}
Finally I took this position and I'll be holding it through the weekend.
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  • #923
  • Nov 10, 2024 10:49am Nov 10, 2024 10:49am
Quoting dummytt
A new idea {image}
expanding...
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My posts are for educational purpose only.
  • #924
  • Nov 11, 2024 7:48am Nov 11, 2024 7:48am
Quoting Fadhl
{quote} Finally I took this position and I'll be holding it through the weekend. {image}
I was stopped.
  • #925
  • Nov 11, 2024 7:57am Nov 11, 2024 7:57am
Good day&week!
Clearly market is in a harry to move up without any meaningful retrace.
As mentioned, we're entering in the holiday season where stocks are very happy as well. We still have NVDA earnings next week (Nov. 20th). All converge towards a continuation up. There is no top until exhaustion and taking profit. GL!
  • #926
  • Nov 11, 2024 8:43am Nov 11, 2024 8:43am
We got a bearish 5min opening range.
  • #927
  • Nov 11, 2024 8:56am Nov 11, 2024 8:56am
Not sure if I should continue to hold. I have a feeling we can continue going down a bit more. So confused
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  • #928
  • Nov 11, 2024 9:07am Nov 11, 2024 9:07am
Quoting Haks
Not sure if I should continue to hold. I have a feeling we can continue going down a bit more. So confused {image}
Very nice... Congrat!
If this is a taking profit, it will go deeper and very fast.
All stocks are falling, except TSLA.
  • #929
  • Nov 11, 2024 9:21am Nov 11, 2024 9:21am
Quoting Fadhl
{quote} Very nice... Congrat! If this is a taking profit, it will go deeper and very fast. All stocks are falling, except TSLA.
thanks bro. So you think I should let it ride a little longer? Cuz I also agree that profit taking is probably taking place currently
  • #930
  • Nov 11, 2024 9:27am Nov 11, 2024 9:27am
Quoting Haks
{quote} thanks bro. So you think I should let it ride a little longer? Cuz I also agree that profit taking is probably taking place currently
I'm not suggesting anything; just telling you if a taking profit is taking place, it will go deeper and faster.
So make your decision, manage your risk and move your STP, take some partials...etc.
  • #931
  • Nov 11, 2024 12:15pm Nov 11, 2024 12:15pm
If no buyers at the daily resistance, the yellow box will be next. I might rejump after the breakout and retest.
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  • #932
  • Nov 11, 2024 1:38pm Nov 11, 2024 1:38pm
Quoting Fadhl
{quote} I'm not suggesting anything; just telling you if a taking profit is taking place, it will go deeper and faster. So make your decision, manage your risk and move your STP, take some partials...etc.
Closed as advised. Thanks for the advice Fadhl
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  • #933
  • Nov 12, 2024 5:59am Nov 12, 2024 5:59am
Quoting dummytt
{quote} expanding... {image}
in progress...
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My posts are for educational purpose only.
  • #934
  • Nov 12, 2024 1:05pm Nov 12, 2024 1:05pm
Hello:
I just took this trade.
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  • #935
  • Nov 12, 2024 1:43pm Nov 12, 2024 1:43pm
My today's observation. It's weekly TF.
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  • #936
  • Nov 13, 2024 7:26am Nov 13, 2024 7:26am
Good day!
I think the taking profit is/will happen this week in particular if inflation data is green.
at least NQ should reach 20750.
I'm still holding my yesterday position.
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  • #937
  • Nov 13, 2024 7:40am Nov 13, 2024 7:40am
Quoting Fadhl
Good day! I think the taking profit is/will happen this week in particular if inflation data is green. at least NQ should reach 20750. I'm still holding my yesterday position. {image}
CPI inline with higher expectation.
NQ should drop. May be after testing 21144.
  • #938
  • Nov 14, 2024 4:40am Nov 14, 2024 4:40am
Let's take into account that we are probably dealing with a flat correction. If the price does not want to fall, it will probably rise. I will look for opportunities to go long on a correction.
  • #939
  • Nov 14, 2024 4:51am Nov 14, 2024 4:51am
For me the buy has happened this morning, small range breakout in asia and macd signal.
  • #940
  • Nov 14, 2024 7:02am Nov 14, 2024 7:02am
Good day!
Price is ranging and it did not provide a meaningful retrace to go long.
Today, we have PPI data; it could be the trigger. All other instruments are in move; so equities should join the party either direction.
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