Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Sunday, June 28, 2020

Price driven trading


I’ve made two trades, with an overall negative result with my systematic trading strategy, we’ll make it up in the long term hopefully.



I see a stronger tendency in the Nasdaq 100, if the equal weight ETF close tomorrow above last Friday’s high we may have a new trigger.




There is a well-defined 3 point up trending line that should hold if the trend is set to continue.

Now it’s the thing, markets tend to move in tandem, however for the same period the RSP has a different trajectory suggesting a down trend.





Or it can be a long 60% consolidation for the equal weight SPX, look here, the up trending channel ran for 16 days, the consolidation, if it is that, is 14 days long. Consolidation moves should not be longer than the directional move, this week should define the direction.



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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com