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QQQ - GAP Fill QQQ - Gap Fill. Will we be seeing this Newley formed gap that has occurred this week be filled in the next coming weeks? We can see from 6th of May this year that a gap occurred and we waited a 3 months for this to be filled. Giving a great support zone for future price. End of October we did see a gap that happened and it took just 1 month for this to be filled Including great pump through giving us a good support for our Newley supported Gap. This would be a great opportunity for the investment traders / swing traders to get a hold off and keep buying till this gap has been filled. We do have 2 VWAP anchored on this chart High and Low all showing positive turns to fill this gap in the upcoming weeks coming to Christmas market close.
NASDAQ:QQQLong
by PipsandTicks1
GOLD NEXT TARGET A bearish outlook on gold suggests that prices are expected to decline over a period of time. This could be due to various factors, including a strong U.S. dollar, rising interest rates, or a lack of investor demand. When gold is bearish, it typically indicates a market sentiment where traders and investors believe that economic conditions or market forces are reducing gold’s value as a safe-haven asset. Traders might look for short-selling opportunities, aiming to profit from the potential decrease in gold prices.
OANDA:XAUUSDShort
by Kishorekesh
AVAX Futures Stop Buy Signal - 4-Hour Timeframe🔹 Position Type: Stop Buy (Entry after breaking $38) 🔹 Entry Price: $38 🔹 Stop Loss: $33 🔻 (−13.15%) 🔹 Take Profit: $51 🔺 (+34.21%) 🔹 Risk-Reward Ratio: 1:2.6 ⚙️ Risk Management: Max Risk: 3% of total capital Leverage: 10x ✍️ Note: Entry will trigger after breaking the $38 level, indicating potential for a strong upward move. Adjust position size to stay within risk limits and manage potential losses effectively.
Long
by arzdigitalistha
JASMY IS ABOUT TO SKYROCKET SOON! TA + TRADE PLANPrice Trend: The chart shows a downward trend for JASMY/USDT, indicating bearish sentiment. This is evident from the lower highs and lower lows. Volume: Volume appears moderate with periodic spikes, suggesting occasional bursts of buying or selling activity. The recent downward trend does not have significantly high volume, indicating a lack of strong selling pressure, which could suggest potential consolidation. VMC Cipher_B (Divergences): The VMC Cipher indicator, typically used for divergences and momentum shifts, is displaying mixed signals with some green dots that might hint at potential bullish divergence. However, without a strong upward momentum or green dots appearing more frequently, this remains inconclusive. RSI (Relative Strength Index): The RSI is around 45.95, indicating a neutral to slightly oversold condition. It hasn’t reached extreme oversold (below 30), so it doesn’t signal a strong reversal but could imply some buying interest around these levels. Stochastic Oscillator: The Stochastic oscillator is at 68.84, pointing upward, which may suggest a short-term bullish signal as it exits oversold territory. However, it's not yet in the overbought zone (above 80), so this could imply limited upside momentum. HMA Histogram: The HMA histogram shows mixed colors, signaling a lack of strong trend direction in the immediate term. The histogram bars are also close to zero, indicating limited price momentum. Trading Plan Entry and Exit Strategy: Short-Term Entry: Consider entering a long position if RSI drops near 30 or if the Stochastic Oscillator enters the oversold zone and begins to cross upward, confirming potential upward momentum. Alternatively, wait for a breakout above the nearest resistance level at approximately $0.018. Long-Term Position: Given the overall downtrend, a short position could be considered if JASMY retests and fails to break above resistance levels at $0.019 - $0.020, signaling a continuation of the downtrend. Stop Loss: For a long position, set a stop loss below recent support at around $0.016 to limit downside risk. For a short position, consider a stop loss above $0.020 if the price begins to trend upward past resistance. Take Profit: For a long trade, potential take-profit targets could be $0.0185 and $0.019 if the price breaks out of the consolidation zone. For a short trade, consider take-profit targets at $0.016 and $0.015, aligning with previous support levels. Risk Management: Limit exposure to a small percentage of the trading portfolio due to current trend uncertainty. Monitor volume and momentum indicators for any changes, as low volume on a breakout or breakdown can be misleading. Wait for Confirmation: Patience may be required, especially if the price continues consolidating. A confirmed breakout with strong volume could offer a more reliable entry. Set Alerts: Place alerts near critical levels such as $0.016 (support) and $0.019 (resistance) to act swiftly based on price movement.
Long
by elfabiiani
1
NQ is losing momentun and going redHello traders, As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296. From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade. If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760. Good luck everyone and Happy trading!
NShort
by YMtradingsystem
The $100,000 Bitcoin Chase: Can You Catch It?Hello traders, It's been a while since BTC reach all time high $73000 spot. As you traders notice that price started making all those LH, HH and even LL making the market in a state of uncertainty. In fact, the BTC market is accumulating a very strong momentum making ready to skyrocket at time especialy at this time when Gold is making superbe HH. I am seeing Bitcoing nothing but going forward the golden spot $100000! Keep a close eye on the market and never miss the great opportunity when it comes. Good luck!
Long
by YMtradingsystem
Breakout Watch: Trading Nikkei Futures Ahead of Its Micro Launch1. Introduction: Nikkei Futures and Current Market Setup Nikkei Futures (NIY1!) remain a cornerstone of Japan's equity market exposure for traders globally, offering insights and trading opportunities tied to the performance of Japan’s stock market. In recent days, the Nikkei Futures market has entered a phase of tight consolidation, with the trading range narrowing between 39515 and 38785. This setup presents a classic breakout opportunity, with price poised to either break above the upper boundary or fall below the bottom one. Traders should remain vigilant, as a breakout could lead to a market movement in either direction. 2. Contract Specifications: Nikkei Futures vs. Micro Nikkei Futures Nikkei Futures (NIY1!) are a valuable tool for traders seeking exposure to Japan’s economy. The contract size is tied to the Nikkei 225 index, with each tick movement having substantial financial implications for the trader. Here’s a breakdown of the key specifications: o Nikkei Futures (NIY1!): Tick Size: 5 points. Tick Value: 2,500 JPY per tick. Margin: 1,500,000 JPY (varies as market conditions change) Starting October 28, 2024, CME Group will introduce Micro Nikkei Futures, which will provide a more accessible option for retail traders by offering a smaller contract size and lower margin requirements. The Micro Nikkei contracts will allow traders to take advantage of the same market exposure with greater flexibility and reduced capital risk: o Micro Nikkei Futures: Tick Size: 5 points. Tick Value: 250 JPY per tick. Margin: 150,000 JPY (varies as market conditions change) This introduction opens up new opportunities for traders looking to manage risk more effectively or for those who prefer to trade with smaller position sizes. 3. Breakout Trade Setup for Nikkei Futures Currently, Nikkei Futures are stuck in a range-bound market, oscillating between 39515 and 38785. A potential breakout beyond these levels is potentially imminent, and traders can prepare to capture the momentum once it occurs. The key to this setup is patience: wait for the price to either break above or fall below before entering any trades. Here’s the breakout strategy we’ll be focusing on: Breakout to the Upside: Enter a buy trade if price breaks above 39515. Breakout to the Downside: Enter a sell trade if price falls below 38785. By leveraging this breakout strategy, traders can capture the volatility that usually follows a breakout from a tightly held range. 4. Breakout to the Upside: Trade Idea In the event of an upside breakout, we anticipate that the price will rally after breaking through the 39515 level. Here’s the breakdown for this trade setup: Entry: Buy at 39515, the upper boundary of the current range. Target: The target is set at 40285, where there is a significant UFO resistance and a technical resistance level. This level marks a strong area where sellers may come in, making it a logical point to exit the trade and secure profits. Stop Loss: To manage risk, place the stop loss a third of the profit zone below the entry price. In this case, the stop would be at 39258, minimizing downside exposure while allowing the trade to develop. o Risk/Reward Calculation: Profit zone: 40285 - 39515 = 770 points. Risk (1/3 of the profit zone): 770 / 3 = 257 points. Stop loss: 39515 - 257 = 39258. For standard Nikkei Futures, each point is worth 500 JPY, so: Potential profit: 770 points × 500 JPY = 385,000 JPY (approx. USD 2,580). Risk: 257 points × 500 JPY = 128,500 JPY (approx. USD 860). For the Micro Nikkei Futures, everything would be reduced x10 (approx. USD 258 and USD 86). 5. Breakout to the Downside: Trade Idea In the case of a downside breakout, we expect a decline once the 38785 level is breached. Here’s how the trade setup would work: Entry: Sell at 38785, the lower boundary of the current range. Target: Set the target at 37920, a level supported by a UFO support, a technical support, and two nested Fibonacci retracement levels (23.6% and 61.8%). Stop Loss: The stop loss is set at a third of the profit zone above the entry price. This protects against excessive losses if the market moves against the trade. The stop would be at 39073. For standard Nikkei Futures: Potential profit: 865 points × 500 JPY = 432,500 JPY (approx. USD 2,910). Risk: 288 points × 500 JPY = 144,000 JPY (approx. USD 970). For the Micro Nikkei Futures, everything would be reduced x10 (approx. USD 291 and USD 97). 6. Risk Management Effective risk management is key to long-term success in trading. In both breakout scenarios, the use of stop-loss orders ensures that traders can limit their losses if the market moves against them. Additionally, setting precise entry and exit points reduces the likelihood of emotional decision-making, allowing for more disciplined trading. The upcoming launch of Micro Nikkei Futures offers traders enhanced control over their position sizing and risk exposure. With smaller contracts, traders can engage in these setups with a fraction of the capital required for standard futures contracts. This flexibility is particularly beneficial for retail traders looking to manage risk effectively while still capitalizing on market opportunities. Whether you are a seasoned futures trader or new to the Nikkei market, these breakout setups provide a solid foundation for capturing momentum. As always, risk management should remain at the forefront of your strategy, ensuring you protect your capital while pursuing profits. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:NIY1!
by traddictiv