NASDAQ weekly Projections - Page 2

@asuquokelvin - 8 hours ago

This is nice. But if i were to take the sells when the price was around this region, would have had my entry at 30352, using the Head and shoulder 4hr Pattern formation. it's more visible on the 15mins though.

The head and shoulder entry pattern is not a bad one at all but my entry at 30508 was precisely a risk management entry I had two entries and my entry rule is above my 70.5 Fibonacci retracement is my SL so price doesn't wait once and triggered it straight reversal to my direction is price is going my way but if for example an risking 1k and price goes against me by 600 naira know that it will hit my SL because it doesn't go above 50% my risk amount that's like 99% so now look at my chart I had two entries and a further entry at that zone of 30352 would have put me on 3.5 to 4% risk from that SL of 30722 so I was only following my risk management plan

0

2

G

@godspowerdan - 4 hours ago

Quoted - asuquokelvin

The head and shoulder entry pattern is not a bad one at all but my entry at 30508 was precisely a risk management entry I had two entries and my entry rule is above my 70.5 Fibonacci retracement is my SL so price doesn't wait once and triggered it straight reversal to my direction is price is going my way but if for example an risking 1k and price goes against me by 600 naira know that it will hit my SL because it doesn't go above 50% my risk amount that's like 99% so now look at my chart I had two entries and a further entry at that zone of 30352 would have put me on 3.5 to 4% risk from that SL of 30722 so I was only following my risk management plan

I've got a re entry on Nas100

The sells should continue

Check it out

0

1

A

@asuquokelvin - 3 hours ago

Quoted - godspowerdan

I've got a re entry on Nas100

The sells should continue

Check it out

I will wait for an order block to be created to trade from except I just want to scalp then I can use the 30 min, because there could be an accumulation at that level you want to sell, from 29448 to 29779 so a break out of that level with a strong momentum is what can validate that zone for trading that's my own view

0

N

@nsg_usd - 2 hours ago

Quoted - asuquokelvin

The head and shoulder entry pattern is not a bad one at all but my entry at 30508 was precisely a risk management entry I had two entries and my entry rule is above my 70.5 Fibonacci retracement is my SL so price doesn't wait once and triggered it straight reversal to my direction is price is going my way but if for example an risking 1k and price goes against me by 600 naira know that it will hit my SL because it doesn't go above 50% my risk amount that's like 99% so now look at my chart I had two entries and a further entry at that zone of 30352 would have put me on 3.5 to 4% risk from that SL of 30722 so I was only following my risk management plan

Risk management plan must be prioritized at all times. The market will always be there, but your Capital may not.

0