2022 November Week 3 *NASDQ Backtest Report
Backtest Report is as follows:
# of Valid Positions: 2
- Thursday - R/R 10:1
- Thursday - R/R 3.5:1
Overall movement of the week:
NASDAQ more or less moved in a bigger timeframe (specifically in the DAILY timeframe) in a retracement, why I say retracement due to Daily timeframe being in an UPTREND. Since seeing retracement movement on the Daily... on the 4 hourly chart, that moves the market condition in a bearish condition market. Thus validating both SHORTS trades. Thought process is that I figured that throughout the week price was going to end up being at the Daily Key zone @ price 11600.00 then reject it heavily which did end up happening on Thursday this week. Which in turn, did not even look at NASDAQ on Friday.
# of Valid Positions: 2
- Thursday - R/R 10:1
- Thursday - R/R 3.5:1
Overall movement of the week:
NASDAQ more or less moved in a bigger timeframe (specifically in the DAILY timeframe) in a retracement, why I say retracement due to Daily timeframe being in an UPTREND. Since seeing retracement movement on the Daily... on the 4 hourly chart, that moves the market condition in a bearish condition market. Thus validating both SHORTS trades. Thought process is that I figured that throughout the week price was going to end up being at the Daily Key zone @ price 11600.00 then reject it heavily which did end up happening on Thursday this week. Which in turn, did not even look at NASDAQ on Friday.
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