I am still holding this short that I've been talking about for nearly two weeks, I closed 50% of it at 31700 (roughly 1800 pips from entry) and holding the rest to 30000.
I usually don't close partials but with all this heavy hitting news this week I believe we could get a chance to scale into more short positions around 32500-32600 to maximise my return in this bearish run without the risk of giving back to much from my initial position at 33510 should price not move as I anticipate.
Anyway, this is my biggest trade of 2023 in regard to pips and time held and I believe we can have a long way to still go. So yeah, I am watching closely and waiting for the right time to scale into this b....
Keep youse posted.
PS: I am staying away from gold and nasdaq this week too so you wont see me post anything about them until I am done with this huge play on dow jones.
Also, if anyone was able to capitalise off this move from my analysis posted (the idea linked to this post) please leave a comment below I'd love to see it.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.