Due to my cycle count we will be heading down the DCL during the next 5-9 days. At least we should test back the breakout at 4737 $.
Notice the 4hrs chart RSI divergence and MACD divergence. I would suggest to use stops at this trade: 1. SL: 4820$. 2. Or you can use the blue trendline as a stop loss. If a significant close - price breaks above the blue trendline and close there - will be I will close the trade manually and post it here.
I think gold's yesterday night breakout is predicting a fall in stocks in the rest of this week.
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It looks good. Seems we entered the perfect hourly candle. One could set / move the stop to break even.
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Don't forget to use the "trendline stop"
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On the picture I've set it how I'm moving my stop now.
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Taking profit on half of the position
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Price is 4774.
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Closing the other half of the position at 4794.
Trading ditutup secara manual
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Komentar
newwarez2
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Maaaan, you are awesome, you seem to get every anticipation right, with this one and the gold ive made around 30% profit from following you ! Can't thank you enough, you also made me learn
SebastianRasch
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You’re a freakin’ wizard!
Parabolica
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Salut! I hope you don't mind my asking. On which theory is your cycle count based?
chartwatchers
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I have my own cycle counting on every vehicle I trade.
oilyprata
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Thanks Arpi! :)
Marvin
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I don't see how you weren't stopped out!
Bearbud
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Would you use SQQQ to short the nasdaq 100 index?
bertcoin
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I used QID (2x bear QQQ) on the first short call (a little under water now) and kind of doubling down with SQQQ today. Following Arpi's stops with alerts on NAS100 to do manual stops.
Bearbud
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Thank you, how do you know what the stop is when he says use the trend line?
bertcoin
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Manually. Each day I set an alert on that day's trend line value on TradingView. If it hits the alert with momentum (and/or Arpi posts that he's bailing out), I'll manually close my QID and SQQQ positions.