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	<title>
	Comments on: Covered &#038; Reversed /NQ &#038; /RTY Short Trades 1-13-23	</title>
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	<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/</link>
	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Mon, 12 Jun 2023 19:03:51 +0000</lastBuildDate>
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		<title>
		By: HermonMunster		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25931</link>

		<dc:creator><![CDATA[HermonMunster]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:57:16 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25931</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25925&quot;&gt;rsotc&lt;/a&gt;.

Nice,
Made a few % on SQQQ. I bought at the close yesterday and got stopped out in the morning.

Shorted F yesterday because it had a fairly quick and steady climb to the 200ma. Stop in for a 6% gain

https://i.imgur.com/lzsoNau.jpg

I was stopped out of AMZN for a small gain.

still holding WEAT. A divergent low followed by a short trendline break.

Still holding JO. A divergent low followed by a parabolic downward trendline break.

Still heavy into UNG. Purchased some more this morning. Up about .75%

Took a quick shot on some SPY calls expiring today. Locked in 50% (this was more gambling than investing. Although the pricicples are similar to what Randy teaches, just massively agreesive. $0.08 was the low that was hit 5 times. Then a new low of $0.07 was hit while the RSI and PPO was increasing. The real key is to know when to get out. I didn&#039;t want to get greedy so I thought 50% is good enough

https://i.imgur.com/iyz7nlo.jpg]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25925">rsotc</a>.</p>
<p>Nice,<br />
Made a few % on SQQQ. I bought at the close yesterday and got stopped out in the morning.</p>
<p>Shorted F yesterday because it had a fairly quick and steady climb to the 200ma. Stop in for a 6% gain</p>
<p><a href="https://i.imgur.com/lzsoNau.jpg" rel="nofollow ugc">https://i.imgur.com/lzsoNau.jpg</a></p>
<p>I was stopped out of AMZN for a small gain.</p>
<p>still holding WEAT. A divergent low followed by a short trendline break.</p>
<p>Still holding JO. A divergent low followed by a parabolic downward trendline break.</p>
<p>Still heavy into UNG. Purchased some more this morning. Up about .75%</p>
<p>Took a quick shot on some SPY calls expiring today. Locked in 50% (this was more gambling than investing. Although the pricicples are similar to what Randy teaches, just massively agreesive. $0.08 was the low that was hit 5 times. Then a new low of $0.07 was hit while the RSI and PPO was increasing. The real key is to know when to get out. I didn&#8217;t want to get greedy so I thought 50% is good enough</p>
<p><a href="https://i.imgur.com/iyz7nlo.jpg" rel="nofollow ugc">https://i.imgur.com/iyz7nlo.jpg</a></p>
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		<title>
		By: moshr0		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25930</link>

		<dc:creator><![CDATA[moshr0]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:32:20 +0000</pubDate>
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					<description><![CDATA[You&#039;ve nailed this Randy - great job!]]></description>
			<content:encoded><![CDATA[<p>You&#8217;ve nailed this Randy &#8211; great job!</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25929</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:19:05 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25929</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25924&quot;&gt;Mikeflegel&lt;/a&gt;.

I stated in the final video (I believe it was) yesterday that, regarding the stock indexes, I have moved from swing trading mode ($NDX &amp; $RUT off the bottom of the trading ranges to the price targets hit yesterday) to active trading mode as I suspect the indexes will be more conducive to active trading (long &amp; short) than swing trading in the very near-term (days to possibly weeks).

While we&#039;ve had some very bullish development on the 60m &amp; daily charts in recent weeks, we are still in a bear market by nearly all metrics plus, there is very significant resistance just overhead with the indexes somewhat overbought in the near-term. Translation: We are likely to see some back &amp; forth swing that could be profitable for experienced &amp; nimble active traders while typical swing &amp; trend traders are likely to get frustrated by the back &amp; forth grind, if that is what we get.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25924">Mikeflegel</a>.</p>
<p>I stated in the final video (I believe it was) yesterday that, regarding the stock indexes, I have moved from swing trading mode ($NDX &#038; $RUT off the bottom of the trading ranges to the price targets hit yesterday) to active trading mode as I suspect the indexes will be more conducive to active trading (long &#038; short) than swing trading in the very near-term (days to possibly weeks).</p>
<p>While we&#8217;ve had some very bullish development on the 60m &#038; daily charts in recent weeks, we are still in a bear market by nearly all metrics plus, there is very significant resistance just overhead with the indexes somewhat overbought in the near-term. Translation: We are likely to see some back &#038; forth swing that could be profitable for experienced &#038; nimble active traders while typical swing &#038; trend traders are likely to get frustrated by the back &#038; forth grind, if that is what we get.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25928</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:14:15 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25928</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25923&quot;&gt;IJN&lt;/a&gt;.

Same. Nat gas is at long-term support, most likely pounding out a bottom. As long as it remains in the long-term support zone (on the $NATGAS daily/weekly charts), I think the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.&#039;&gt;R/R&lt;/abbr&gt; remains skewed to the long side, despite the recent powerful &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt;. Also, while it might not be going up yet, it has pretty much stopped going down which means the momentum indicators are turning up.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25923">IJN</a>.</p>
<p>Same. Nat gas is at long-term support, most likely pounding out a bottom. As long as it remains in the long-term support zone (on the $NATGAS daily/weekly charts), I think the <abbr class='c2c-text-hover' title='Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.'>R/R</abbr> remains skewed to the long side, despite the recent powerful <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr>. Also, while it might not be going up yet, it has pretty much stopped going down which means the momentum indicators are turning up.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25927</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:09:20 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25927</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25922&quot;&gt;budgetny&lt;/a&gt;.

I can (and did) do one better: That trade was posted yesterday. See the first 15m chart of /NQ below. I clearly posted (and stated in the video) that I closed my /NQ long &amp; went short and my price targets were laid out on that 15-minute chart posted yesterday. Arrow breaks denote levels/price targets in which a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; is likely upon the initial tag.  https://rightsideofthechart.com/nq-qqq-pullback-targets-1-12-23/

You have to have a trading plan in advance: What you are going to buy (or short), where you are going to enter the trade, and where you are going to exit the trade, right (profit target) or wrong (stop-loss)... plus how much to put into the trade, why you are taking it, etc..]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25922">budgetny</a>.</p>
<p>I can (and did) do one better: That trade was posted yesterday. See the first 15m chart of /NQ below. I clearly posted (and stated in the video) that I closed my /NQ long &#038; went short and my price targets were laid out on that 15-minute chart posted yesterday. Arrow breaks denote levels/price targets in which a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> is likely upon the initial tag.  <a href="https://rightsideofthechart.com/nq-qqq-pullback-targets-1-12-23/" rel="ugc">https://rightsideofthechart.com/nq-qqq-pullback-targets-1-12-23/</a></p>
<p>You have to have a trading plan in advance: What you are going to buy (or short), where you are going to enter the trade, and where you are going to exit the trade, right (profit target) or wrong (stop-loss)&#8230; plus how much to put into the trade, why you are taking it, etc..</p>
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		<title>
		By: Jeff Vandenburgh		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25926</link>

		<dc:creator><![CDATA[Jeff Vandenburgh]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:06:04 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25926</guid>

					<description><![CDATA[Perfect tag of that support level in the pre-market. Nice call. I bought micro-Dow futures as a proxy for the NQ trade. I like MYM because it isn&#039;t as volatile or as large a contract as NQ or the micro MNQ, and so I can place wider stops, while the Dow moves pretty much inline with the rest of the market (or in rare instances such as the second half of 2022, leads to the upside).]]></description>
			<content:encoded><![CDATA[<p>Perfect tag of that support level in the pre-market. Nice call. I bought micro-Dow futures as a proxy for the NQ trade. I like MYM because it isn&#8217;t as volatile or as large a contract as NQ or the micro MNQ, and so I can place wider stops, while the Dow moves pretty much inline with the rest of the market (or in rare instances such as the second half of 2022, leads to the upside).</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25925</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 15:03:32 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25925</guid>

					<description><![CDATA[/NQ bounce target hit for a quick ~1% profit (and side-step of a 1% give-back by exiting the short trade at the lows today).]]></description>
			<content:encoded><![CDATA[<p>/NQ bounce target hit for a quick ~1% profit (and side-step of a 1% give-back by exiting the short trade at the lows today).</p>
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		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25924</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 14:59:11 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25924</guid>

					<description><![CDATA[Randy we went short at the close last night and now we&#039;re going long again. Please explain. Thank you]]></description>
			<content:encoded><![CDATA[<p>Randy we went short at the close last night and now we&#8217;re going long again. Please explain. Thank you</p>
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		<title>
		By: IJN		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25923</link>

		<dc:creator><![CDATA[IJN]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 14:54:15 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25923</guid>

					<description><![CDATA[What are your thoughts on UNG today? Thx]]></description>
			<content:encoded><![CDATA[<p>What are your thoughts on UNG today? Thx</p>
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		<title>
		By: budgetny		</title>
		<link>https://rightsideofthechart.com/covered-reversed-nq-rty-short-trades-1-13-23/#comment-25922</link>

		<dc:creator><![CDATA[budgetny]]></dc:creator>
		<pubDate>Fri, 13 Jan 2023 14:50:32 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=210254#comment-25922</guid>

					<description><![CDATA[Randy, any way you can get the reversal trades out quicker? By the time this posted, the NQ was at 14,446, 50 points above your reversal. I was waiting for the 274.50 target you posted yesterday.]]></description>
			<content:encoded><![CDATA[<p>Randy, any way you can get the reversal trades out quicker? By the time this posted, the NQ was at 14,446, 50 points above your reversal. I was waiting for the 274.50 target you posted yesterday.</p>
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