Daily analysis & day trading setups - NASDAQ NAS100USD 20220825
Updated
Happy Thursday, Happy GDP Day,
NASDAQ has created a nice double bottom + HS pattern with a breakout this morning from 12990
There are still a couple of levels to clear at 13075 and 13110 before bulls aim for 13230 again. Bears want to bring it below 13k to start with
Macro EU ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 050, 085, 125, 160, 230
Reversal: 13 030, 13k, 12 930, 885
Sell
Break: 13 035, 12 980, 950, 895, 840
Reversal: 13 100, 180, 230, 320
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NASDAQ has created a nice double bottom + HS pattern with a breakout this morning from 12990
There are still a couple of levels to clear at 13075 and 13110 before bulls aim for 13230 again. Bears want to bring it below 13k to start with
Macro EU ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 050, 085, 125, 160, 230
Reversal: 13 030, 13k, 12 930, 885
Sell
Break: 13 035, 12 980, 950, 895, 840
Reversal: 13 100, 180, 230, 320
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade closed: target reached
#Trade 1: Multiple rejection at Green box of Blue Level E. Entry on retestA bit of speculative entry. The probability of success were reduced as it was 3rd touch but the rejection was stronger and also early morning move resulting from German GDP was expected to retrace back 100%
#ShortTrade 13064
SL 20 pts
TP1 3:1✅60 pts
TP2 5:1✅100 pts
260 pts total➡️86 pts avg➡️4.3R/4.3X
Note
#Trade 2: Blue Mega Level F reversal entryThis was again a bit speculative. It was not a clear entry. But it matched the trading plan and rules. Controlled profit expectations.
#LongTrade 12952
SL 20 pts
TP1 3:1✅60 pts
TP2 5:1✅100 pts
TP3 7:1✅140 pts
300 pts total➡️100 pts avg➡️5R/5X
#WinningThursday #NASDAQ #NQ_F #EasyPeasy #DayTrade #GetRichSlowly
Note
Caught two nice moves on NASDAQ today so stopped trading to conserve profit.NDX played well with the zones and fib confluence level. So very happy with the outcome
➡️ 2 Winning Trades
➡️ 560 pts total on 6 positions
➡️ 93 pts per position with 20 pts risk
➡️ 4.6 R / 4.3 X
This is how morning plan worked ➡️
➡️ Zones
➡️ Fib Confluence levels
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