It's been quite an eventful journey these past couple of weeks. On October 2nd, I shared my trading setups for Gold and Nasdaq100, and it's been an interesting ride ever since. Gold, although a relatively fast-moving pair, and Nasdaq100, which has its fair share of consolidations, have given me plenty to talk about. In this video, I want to share why I took these trades and why I believe they've been successful, both for Nasdaq100 and Gold.
Let's start with Gold. This precious metal has been nothing short of amazing for me, especially due to its swift price movements. Over the past seven days, I've had the opportunity to enter both buy and sell positions, and I'm thrilled to say that all of them have hit their target profits. Gold's ability to deliver these results in such a short span is a testament to its dynamic nature and the excitement it brings to the trading table.
As for Nasdaq100, it's been a bit of a slower ride. I've been holding onto this trade for a full 12 days, taking partial profits along the way. Nasdaq100 is notorious for its consolidations, which can make traders impatient, but I can't deny that it has followed through with my initial plan. While the journey has been less thrilling than Gold, it's essential to appreciate that, in trading, not every trade will be a rollercoaster ride.
But if I had to choose between the two, I'd say I've developed a soft spot for trading Gold. This week, I've marked my resistance levels at 1948 and 1987 – areas where I'd look to initiate sell positions if there's a rejection. Gold has been locked in a trading range, never quite surpassing the 2047 mark for a considerable period. This consistent back-and-forth pattern provides a captivating trading experience, and one thing I've come to admire about Gold is its swiftness in alerting you to any potential wrong moves. It's as if it has a way of saying, "Hey, you might want to reconsider."
Now, shifting our focus back to Nasdaq100, I'm still holding onto the trade. The market's indecisiveness has led me to take partial profits, as it hovers within its consolidations. My eyes are fixed on two critical levels: 15547 and 15688, where I'd consider initiating sell positions in the event of rejections. However, if these levels are breached, it might open the door for more buy opportunities, with a potential target at 16524. It's a carefully thought-out plan, and the market's response will determine the next course of action.
It's been an exciting and challenging journey over the past 12 days, juggling between Gold's dynamic moves and Nasdaq100's slower but steady path. Wishing you all an enjoyable weekend
(nasdaq wekly)
(gold weekly)
Let's start with Gold. This precious metal has been nothing short of amazing for me, especially due to its swift price movements. Over the past seven days, I've had the opportunity to enter both buy and sell positions, and I'm thrilled to say that all of them have hit their target profits. Gold's ability to deliver these results in such a short span is a testament to its dynamic nature and the excitement it brings to the trading table.
As for Nasdaq100, it's been a bit of a slower ride. I've been holding onto this trade for a full 12 days, taking partial profits along the way. Nasdaq100 is notorious for its consolidations, which can make traders impatient, but I can't deny that it has followed through with my initial plan. While the journey has been less thrilling than Gold, it's essential to appreciate that, in trading, not every trade will be a rollercoaster ride.
But if I had to choose between the two, I'd say I've developed a soft spot for trading Gold. This week, I've marked my resistance levels at 1948 and 1987 – areas where I'd look to initiate sell positions if there's a rejection. Gold has been locked in a trading range, never quite surpassing the 2047 mark for a considerable period. This consistent back-and-forth pattern provides a captivating trading experience, and one thing I've come to admire about Gold is its swiftness in alerting you to any potential wrong moves. It's as if it has a way of saying, "Hey, you might want to reconsider."
Now, shifting our focus back to Nasdaq100, I'm still holding onto the trade. The market's indecisiveness has led me to take partial profits, as it hovers within its consolidations. My eyes are fixed on two critical levels: 15547 and 15688, where I'd consider initiating sell positions in the event of rejections. However, if these levels are breached, it might open the door for more buy opportunities, with a potential target at 16524. It's a carefully thought-out plan, and the market's response will determine the next course of action.
It's been an exciting and challenging journey over the past 12 days, juggling between Gold's dynamic moves and Nasdaq100's slower but steady path. Wishing you all an enjoyable weekend
Comment:
This week, I'm closely monitoring gold's resistance levels at 1948 and 1987, with a potential to sell if there's a rejection. Gold has been consolidating below 2047. On Nasdaq100, I'm holding my position, but I'm also watching the market's indecisiveness. I'm considering selling at 15547 and 15688, but if those levels are breached, it could open doors for buy opportunities, aiming for 16524 as a potential target. Market response will guide my next steps.
(nasdaq still holding previous trade)
(gold)
Comment:
Today is Wednesday, and so far, I haven't initiated any new trades for this week. My decision to stay on the sidelines is due to the absence of setups that align with my trading strategy. However, I'm still holding onto my Nasdaq trade, which has been quite stubborn. It hasn't reached either my target or my stop-loss. This situation has prompted me to exercise patience and closely monitor the trade.
Last week, I made a strategic move by taking partial profits on my Nasdaq trade, locking in gains when the market was favorable. I managed to secure over 500 ticks in profits before the market appeared to stagnate, preventing further progress.
As for gold, I've been keeping a close eye on it. The interesting development is that the previously formidable resistance at 1948 has been breached. This could potentially open up opportunities for buying into the market. However, I'm not in a rush to jump in. Instead, I'm considering a more cautious approach. I might look for rejection candles or other technical signals to confirm the validity of this breakout. It's possible that the breach could be a fake-out, and I want to be sure before making any significant moves in the gold market.
Last week, I made a strategic move by taking partial profits on my Nasdaq trade, locking in gains when the market was favorable. I managed to secure over 500 ticks in profits before the market appeared to stagnate, preventing further progress.
As for gold, I've been keeping a close eye on it. The interesting development is that the previously formidable resistance at 1948 has been breached. This could potentially open up opportunities for buying into the market. However, I'm not in a rush to jump in. Instead, I'm considering a more cautious approach. I might look for rejection candles or other technical signals to confirm the validity of this breakout. It's possible that the breach could be a fake-out, and I want to be sure before making any significant moves in the gold market.
Comment:
i've made some intriguing moves in the markets lately. i decided to close my nasdaq100 position, as it had become quite a frustrating pair to trade with its lack of activity and constant consolidations.
on the other hand, i jumped into gold after the resistance was breached, and that decision is paying off handsomely. i'm currently up over 200 ticks on my gold trade.
gold has proven to be a lucrative choice, offering me a smoother and more profitable trading experience, unlike my turbulent journey with nasdaq100..
on the other hand, i jumped into gold after the resistance was breached, and that decision is paying off handsomely. i'm currently up over 200 ticks on my gold trade.
gold has proven to be a lucrative choice, offering me a smoother and more profitable trading experience, unlike my turbulent journey with nasdaq100..
Comment:
(nasdaq weekly plan)
(gold weekly plan)
New week, new trade plan!
Nasdaq100: Watch for a potential support break. If it happens, brace for exciting opportunities.
Gold: Hoping for a resistance rejection. If it fails, time to adjust the game plan.
Keeping it simple, sticking to previous zones, and making the most of it. Have an awesome trading week!
New week, new trade plan!
Nasdaq100: Watch for a potential support break. If it happens, brace for exciting opportunities.
Gold: Hoping for a resistance rejection. If it fails, time to adjust the game plan.
Keeping it simple, sticking to previous zones, and making the most of it. Have an awesome trading week!
Comment:
This week started on a high note, but it quickly turned into an intriguing trading tale. NASDAQ surprised me by smashing through its support levels, triggering a significant sell-off, and I saw an opportunity I couldn’t resist. While I was riding the waves of the NASDAQ, Gold was playing a mystery game. It’s been locked in a tight struggle with that stubborn resistance..
