Day 95. the Nasdaq100 is still in a downtrend. yesterday, we got two LLs making a bullish divergence but, the buyers were not strong enough to push past it making the sellers come back. since the market still has LHs and LLs, my bias will be bearish till a break past the previous LH..
October: 6 trades (4W, 1Be, and 1L)
A Daily Reminder:
avoid imbalances—HH and LLs or LH and HLs.
P.S: Strategy— structures, divergence & trends
Triggers— LHs & HLs
3 Rules:
a. one trade a day (always)
b. always know the current trend
c. only buy after HH breaks and sell after LL breaks
My disclaimer:
All biases are subject to change because according to the market, that's the only constant..
Past profits do not predict future earnings. Risk only 1% on your account. Low risk only!