

Discover more from Advised Trader
Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.
Continue reading
0849 CST Friday
If this bullishness persists, Its possible its a new 20 week cycle starting on equities, probable that large entries taken today will persist into next week due to upward pressure of the 20 week cycle
Action signal: 20 day VTL break upwards by price on daily
Enter today, exit half at day plus one if day(plus one) trading which is HIGH PROBABILITY back-tested for this setup.
Stop is a move below the weekly low.
EDIT SUNDAY MAR 5 2023:
Probable day plus one target above price at 12500
EDIT MAR 6 920 CST:
Nasdaq has hit 40 day resistance and could stay here just under 12500. Day plus one trade was a good one. Stops should be put at breakeven or under Friday low.
Dont miss a post!