lazyluchi

lazyluchi Updated 

Td60: It’s been 60 days already. Damn! Anyway today’s the last day for my “Td” haha. The idea of this was to digest my strategy after the other “120 day” exercise I did. That means I’ve literally done this consistently for 180 days (I’m proud of myself). The lady NQ is in a downtrend-range and this is a tricky spot for her because it’s this zone that determines if...

lazyluchi Updated 

Td59: I can only say it’s been a journey. The NQ’s “60 days exercise” I did ends tomorrow. That aside, She’s in a phase. There’s LHs and LLs. But that might not be the case for long as the BULLS are threatening to break past that 50%. The RSI say’s they’ve broken already.

lazyluchi Updated 

Td58: The last days of my 60 days trust exercise. The NQ bears are in and she’s currently at the 20 or as some TRADERS will like to call it, “OVER SOLD”. There’s usually a pull when it’s at this point, If backed with a DIVERGENCE and a valid structure then, maybe a reversal.

lazyluchi Updated 

Td56: NQ bears started their build after yesterday’s 50% break. New LHs have been formed and I want to see if she holds or she creates new LLs. For now, my setup is BEARISH till there’s an LH break. What’s your plan? (Trades - 1BE)

lazyluchi Updated 

Td 55: Today in the NQ, The BEARS seem to be prepping after a failed high and that bearish divergence. I’ve marked the 80 and 50, All I need is—Wait to see what happens next. Will her structures change or this is just a pull? Anything below the 50% answers that question.

lazyluchi Updated 

Td54: NQ bulls have shown signs or weakness. A bearish DIVERGENCE is clearly visible. I’ve marked the 50 and 80 respectively to see if she continues the UPTREND or we settle for them BEARS. Some might call it “OVER BOUGHT” but I’ll like to see a change first before anything.

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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....