We've been smashing records in forex, indices, metals, oil and crypto all year so to celebrate another month of successful trades, we're posting two examples that represented outstanding opportunities pinpointed by our intelligent trading software for the month concluding November 30, 2023.
We believe in transperancy and showing continuity of trades as proof of the incredible results possible and welcome you to study the progression of the trades.
The trade started the week on an upward rally, then continued to drift slowly upwards closing the month at 4,554.70 generating another 11,520 pips. The overall direction based on the higher timeframes (4-hour, daily and weekly) changed to bi-directional after a very strong month, representing uncertainty in the market. Therefore traders should exercise caution after the asset achieved another new recent high and could continue higher however a retracement at this stage would not be surprising.
At the start of week, the trade consolidated before surging to close the new week at 4,408.50 generating another 4,750 pips. The Trend Profiteer overall direction remained buy/long closing the week strong representing a continuation of the new overall buy/long direction and reaching a new recent high.
Previous to this, the original buy/long power swing alert was issued at 4194.20 with the trade opportunity closing the week at 4361.00 generating 16,680 pips. The Trend Profiteer overall direction changed from sell/short to buy/long closing the week bi-directional however, any new H4 upswing, that results in 4 out of the 6 higher timeframes displaying green, will represent a continuation of the new overall buy/long direction.
The Nasdaq continued to follow the S&P closing the month at 16,010.70 generating an additional 50,010 pips. After a quick move up, price drifted slowly upwards and ended fairly flat however, the overall direction based on the H4, daily and weekly timeframes still closed on a buy/long publishing new recent all-time highs. Like the S&P, caution should be exercised with a continuation of this trend and traders should stay alert in a counter move should the rally cease and a correction remains possible.
The Nasdaq followed the S&P closing the week at 15,105.60 generating an additional 40,550 pips. The Trend Profiteer overall direction closed on a buy/long closing the week strong and publishing new recent all-time highs.
Previous to this, the original buy/long power swing alert was issued at 14417.80 with the trade opportunity closing the week at 15105.10 generating 68,730 pips. The Trend Profiteer overall direction has changed from sell/short to buy/long closing the week strong. Retracements could be seen as new opportunities if there are new H4 upswings, maintaing the continuation of the new overall buy/long direction.
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