Day 96. it's wednesday in Nasdaq100. I call it "News Day" because wednesday is usually a day for most major news. the market tends to react weirdly on this day. the bears are still in charge, however, there's a BUD in the market with a little imbalance which might not be that bad. I'll be waiting to see the market's reaction to this situation to know if my bearish bias wil change..
October: 7 trades (5W, 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!