When we have strong trend market conditions, it's a wonderful time for making huge profit. Here there is a sample of profitable long trades which were based on the signals of my trading strategy, when a lot of traders thought about the price retracement from 4700 level. I also thought and wrote that only short trades could be near possible reversal zone. But the trading strategy gave good entries with confirmation from daily chart. Should we follow our trading strategies all the time? The reply is - we must!
P.S. You can read about trend signals in "Trend Market Conditions".
Dear Lavrov I am also a NDX trader and saw your trading strategy. Going long over 4650 is risky but in your case it was all right. But it is fair to say that this was only possible because APPL, FB and Alphabet beat expectations, the heavyweights in NASDAQ100. Otherwise the NDX would have been at 4600. Not negative critics just a remark to the high levels we have now. Best regards Claus
DLavrov
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Claus, thank you very much for your comment! You are right. But I don't use fundamental in my trading. I don't like it even sometimes it could be very useful. As for this case I just wanted to open short near the top and I was sure that price would bounce from 4700. But now the market goes higher and I need to think about new trading idea. What do you think about 4750-4800 levels?
DLavrov
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Claus, thank you very much for your comment! You are right. But I don't use fundamental in my trading. I don't like it even sometimes it could be very useful. As for this case I just wanted to open short near the top and I was sure that price would bounce from 4700. But now the market goes higher and I need to think about new trading idea. What do you think about 4750-4800 levels?
DLavrov
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Claus, thank you very much for your comment! You are right. But I don't use fundamental in my trading. I don't like it even sometimes it could be very useful. As for this case I just wanted to open short near the top and I was sure that price would bounce from 4700. But now the market goes higher and I need to think about new trading idea. What do you think about 4750-4800 levels?
Nielsentrading
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the Techs are strechted but we should see a new all-time high above 4735 and tomorrow we had 5 straight weeks of gains in the NASDAQ100. But like you said everytime we think it is time to short the market it continues up. But it is heavyly overbought, lets see if we reach that 4800 level then go short with with a SL @ 4850 and TP @4600 could be a nice trade until then I keep buying small on the way up, above all-time high I will watch from the sideline and wait for the right entry.