Thursday, November 23, 2023

Nasdaq - 2 Great Waves of Distribution

Last evening was the easiest night with a good amount of trading while catching 2 waves of distribution as highlighted in the 5 minute chart to make some great profits. The market shot up high when it opened 10.30am and so many pre matured traders were chasing after the rising price to only realized that it was hit by waves of profit taking. Took some calculated trades during the distribution up and made some great strides. It's all text book classical techniques and if one did not trade last evening, he/she shouldn't be called as a trader and might as well continue his day job. Why? Because it's way too easy and signals were flying everywhere!

Ronnard - Market Psychologist - A Stock Market Opportunist