Plan for Nov 25 Monday
Bulls continue to push higher with crypto , TSLA and tech leading the way.
Hope you all had a great weekend. Last week was 140 handle range, which was great but not as good as election week. Bulls continue to push everything higher with cryptos and tech leading as ususal.
This is what we did on Friday. We only put selective setups in a day , we also have our chop areas that allows traders to relax and stay out of the market during most boring tape price action.
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Econ for Week
Night session Trading Suggestions:
I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play short on top level provided for nightly range and long on lower level of nightly range after 2 am or 3 am. But get out of the way if it rips or drops thru levels and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.
Remember: I never short above or long below my marker. I wait for it to pause before it or come back to it from rip/dip and pause before executing.
Never take position before Econ like CPI Or FOMC. After econ watch for levels where it stops and how it interacts to decide long or short.
Recommended stop: -2 and go to BE on +2. Some ppl who can't reenter shall chose -3.5/4.
Scale out: 2 lots at +6/8, 3rd at +10/16, 4th leave runner at BE
Big picture: > 5700 this remains bullish.
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