lazyluchi

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lazyluchi

Now I've been TRADING trend continuation for 180 days now and I had something come to me on WEDNESDAY. The market being in an over bought or sold situation can affect our TRADES. I'll be making use of the RSI to aid my setups (that is: where my SLs and TPs even entries will be). Here are rules that can guide you after watching the video. RULES OF THE RSI 1. Above...

lazyluchi Updated 

Td53: The thing about NQ is: Before any reversal or pull, A divergence pops up. Could be HIDDEN or very VISIBLE but there’s always one. So, currently there’s more bulls and a LH but she’s has reached a MAX (rsi) It’s a tricky one. In this situation, You wait till there’s a break.

lazyluchi Updated 

Td52: The NQ bears came in yesterday for the NY so I didn’t really get to TRADE yesterday since my bias was different compared to what NY provided. Today, she’s remained BEARISH with LHs and LLs. If she breaks past the 11824 then we’ll have more bears but that can also change.

lazyluchi

Td51: New month, New formation. The NQ bears and bulls are at equals as there’s a range in the area. More on the BULLS side though because of it’s structures. However, I can’t take buys due to the formation currently. I’d have to wait for a BREAK to decide what to do next.

lazyluchi Updated 

Td50: Last day in February and the NQ bears are at it again. Late entry so I’d have to wait for the break. Which is more DANGEROUS because continuations are quite easier to get than breaks. Anyway, let’s see if the process is smooth or I’d have to wait. Till then, It’s BEARS!

lazyluchi Updated 

Td49: Yesterday, NQ gave me a crazy fake-out which I didn’t get to take a TRADE because it occurred at NY. The BULLS didn’t pull through. Now, There’s all this “LOWER HIGHS” with no fool proof of there being a continuation to the downside. If she breaks past this low, then, YES.

lazyluchi Updated 

Td48: NQ doesn’t look BEARISH with the structures I see. More higher lows and higher highs doesn’t exactly scream BEARS. So I’d pause on them shorts for now and I’ll only consider BUYS after that current higher high breaks (with a proper build) Let’s see what she decides.

lazyluchi Updated 

Td47: Continuing from yesterday’s CHART, the NQ has finally broken past the 12300 LOWS and she’s still looks BEARISH, A further break past 12228 and we can continue with the shorts. So, I’ll be bearish for now.

lazyluchi Updated 

Td46: NQ is still clinging to the BEAR side. There’s a HIGHER LOW but not a defined one. Her structures are more BEARISH than bullish (for now). LOWER HIGHS and lower lows are visible but she’s still in a short range and only what happens in that range determines our next step.

lazyluchi Updated 

Td45: Late, I know. But here’s my tea for NQ. The BEARS are around and very much visible. There’s was a BEARISH DIV that kicked start the whole thing and a proper break of the HIGHER LOWS confirmed it. Now there’s the LHs every where so that simply means I can’t exactly take BUYS. I have a SELL plan but as usual she’s very free to do whatever she pleases, I don’t...

lazyluchi Updated 

Td44: Lady NQ has gone up 100 points extra since our last encounter. She’s shown more BULLISHNESS and her structures are made up of higher lows and highs. However, a proper zoom of these structures would show you a BULLISH range. My bias would be LONG for now. Feb: 3Ws and 1Be.

lazyluchi Updated 

Td43: I mean she’s currently at MID point now. There’s signs of BEARS with the LOWER HIGH that was created after that high at 12650 the next high: 12600 couldn’t surpass the previous so I’ll see that as a lower high which is a little sign from the BEARS. However, I can’t entirely take SELLS now in the NQ until there’s been a properly developed BEARISH structure....

lazyluchi Updated 

Td42: I have like 18 days left before I’m done with my TRUST exercise. The NQ on the other hand has the BULLS still galavanting around even when I thought they were WEAKLINGS. The current structure is quite bullish and I can’t go short (at least not yet :)

lazyluchi Updated 

She’s still in a DOWNTREND (that’s how she closed) but this new BULLISH DIV i’m seeing with new higher lows might mean something. However, I’ll not go LONG till I get a proper break past that lower high. What’s your PLAN for the opening in NASDAQ100?

lazyluchi Updated 

Td40: Woke up to the FALL and how that BEARISH divergence popped from no-where changing the dynamics of the NQ once again. Now she’s bearish and all I can think of are SHORTS till there’s a LOWER HIGH break. The lady is still in a RANGE and I can’t tell if she’s decided.

lazyluchi Updated 

Td39: The BULLS of NQ have shown signs but I can’t tell what the plan is since she’s still in a RANGE. However, A break past this new LH and we should get more of them since there’s currently no LL. What’s your plan for NASDAQ100 today?

lazyluchi Updated 

Td38: Another new day in the NQ the BULLS found their way back but the 12800 HIGH is still intact. Now there’s only a SIDEWAYS movement. I can’t take SELLS because of how the LOWER HIGHS have been broken and I can only consider BUYS after the break of this new high. Interesting!

lazyluchi Updated 

Td37: I mean the NQ broke past the previous LOWS but the BEARS haven’t been quite strong to continue. However, judging from the “CURRENT” structure, She’s still a little bit BEARISH (at least for now until a break past the LOWER HIGH). My bias would always be with the TREND.