Daily analysis & day trading setups on NASDAQ NAS100USD 20220818
Updated
Happy Thursday,
The battle lines are drawn on NASDAQ. Bulls want to defend 13460 and bring it back above 13570 to march towards 14k.
Bears want to break 13400 & then 13220 to change the direction.
Our line in the sand is at 13500
Macro US Jobless Claims, Phil Fed Mfg Survey
Buy
Break: 13 515, 625, 760
Reversal: 13 360, 295, 100, 025
Sell
Break: 13 375, 310, 125
Reversal: 13 535, 650, 775, 895, 965
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 >>>
The battle lines are drawn on NASDAQ. Bulls want to defend 13460 and bring it back above 13570 to march towards 14k.
Bears want to break 13400 & then 13220 to change the direction.
Our line in the sand is at 13500
Macro US Jobless Claims, Phil Fed Mfg Survey
Buy
Break: 13 515, 625, 760
Reversal: 13 360, 295, 100, 025
Sell
Break: 13 375, 310, 125
Reversal: 13 535, 650, 775, 895, 965
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: Bullish breakout of green fib level. Entry on retracement#LongTrade: 13417
SL 20 pts
TP1 3:1✅60 pts1/3rd
TP2 5.5:1✅110 pts 2/3rd
#WinningTrade 93 pts avg
Why trade more when you can earn by trading less
Note
#Trade 2: Anticipatory entry at the strong blue level F#ShortTrade: 13530
SL 20 pts
TP1 3:1✅60 pts1/3rd
TP2 5.5:1✅110 pts 2/3rd
#WinningTrade 93 pts avg
You don't need your trend friend to trade this range
Note
#Trade 3: Anticipatory entry at the green box for reversal#ShortTrade: 13530
SL 20 pts
TP1 3:1✅60 pts1/3rd
Stopped out at entry on reversal
#WinningTrade 20 pts avg
You can never go broke taking profits
Note
#Trade 4: Bearish engulfing at level F. Entry on retracement#ShortTrade: 13535
SL 20 pts
TP1 3:1✅60 pts1/3rd
TP1 2:1✅40 pts2/3rd
#WinningTrade 47 pts avg
It works when you #PlanYourTrades & #TradeYourPlan
Note
Overall, very productive day on NASDAQ. No big winners but then the range was also quite small with a lot of choppiness. Still no losers253 pts by risking 20 pts at a time > 12X.
#GetRichSlowly #TradeLessEarnMore
This is how #NDX interacted with my published levels
Find my daily analysis + trades live & FREE 🆓 💰
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.