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NQ Power Range Report with FIB Ext - 10/3/2023 SessionCME_MINI:NQZ2023 - PR High: 15010.00 - PR Low: 14985.75 - NZ Spread: 54.25 Main Calendar Event: 10:00 – JOLTs Job Openings Prev session closed relatively flat - Double daily inside print - Strong potential to break either direction Evening Stats (As of 12:05 AM) - Weekend Gap: +0.49% (filled) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 230.02 - Volume: 29K - Open Int: 247K - Trend Grade: Neutral - From ATH: -10.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023Short
by mv3trader5
NQ Power Range Report with FIB Ext - 10/2/2023 SessionCME_MINI:NQZ2023 - PR High: 15007.25 - PR Low: 14934.75 - NZ Spread: 161.75 Main Economic Calendar Events: 10:00 – ISM Manufacturing PMI - ISM Manufacturing Prices 11:00 – Fed Chair Powell Speaks Strong weekend gap up, unfilled - Huge NZ spread Evening Stats (As of 12:05 AM) - Weekend Gap: +0.49% (open <14900) - Session Gap: -0.01% (closed) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 236.70 - Volume: 36K - Open Int: 243K - Trend Grade: Neutral - From ATH: -10.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023
by mv3trader5
NQ Power Range Report with FIB Ext - 9/29/2023 SessionCME_MINI:NQZ2023 - PR High: 14894.75 - PR Low: 14872.75 - NZ Spread: 49.0 Significant Calendar Event 08:30 – Core PCE Price Index Last trading day of the month - Took a few more dips into long-term inventory - Continuing supply run back to 14949 micro gap Evening Stats (As of 1:15 AM) - Weekend Gap: N/A - Session Gap: -0.01% (open > 14949) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 232.88 - Volume: 30K - Open Int: 242K - Trend Grade: Neutral - From ATH: -11.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023Short
by mv3trader5
NQ Power Range Report with FIB Ext - 9/28/2023 SessionCME_MINI:NQZ2023 - PR High: 14775.00 - PR Low: 14743.25 - NZ Spread: 70.5 Major Calendar Events 08:30 – Initial Jobless Claims - GDP 10:00 – Pending Home Sales 16:00 – Fed Chair Powell Speaks Strong response of the 14670 inventory zone - Supply run started afternoon of prev session - Continued volatility 1st hour, creating wide NZ spread Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Gap: -0.01% (open > 14949) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 230.61 - Volume: 33K - Open Int: 242K - Trend Grade: Neutral - From ATH: -12.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023Short
by mv3trader5
NQ Power Range Report with FIB Ext - 9/27/2023 SessionCME_MINI:NQZ2023 - PR High: 14729.75 - PR Low: 14713.00 - NZ Spread: 37.25 Major Calendar Events: 08:30 – Core Durable Goods Orders 10:30 – Crude Oil Inventories Inventory decline below 14800 - Trading into 8/18 pivot - Holding above prev session low Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Gap: -0.01% (open > 14949) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 228.03 - Volume: 26K - Open Int: 241K - Trend Grade: Neutral - From ATH: -12.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 16105 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023Long
by mv3trader5
Riding the Market Tides with the Initial Balance Ahoy, fellow traders! So you’re itching to become the Captain Jack Sparrow of trading, eh? Before you swashbuckle through the stock market, you need a treasure map. Enter the Initial Balance trading strategy! This nifty tool can be the compass guiding you through stormy market seas. But hold your horses, we’re not talking about a literal balance here; it's more like the market’s opening mood ring. Hang tight as we steer you through the nuts and bolts of this golden strategy. Setting Sail: What’s the Initial Balance Trading Strategy? The Initial Balance trading strategy is like that morning coffee - it sets the tone for the day. Here's how it works: You observe the high and low of the first hour of trading. This range, my friends, is the Initial Balance. It’s a harbinger of how the market may swing for the rest of the day. The million-dollar question is, how do you use this to fill your coffers? Anchors Aweigh: Establishing the Initial Balance First things first, you need to get a grip on that Initial Balance. Let’s break it down step by step: Watch the market like a hawk from the opening bell. Jot down the highest and lowest points during the first hour. Plot them on your chart and voila! That's your Initial Balance. Sailing Through Uncharted Waters: Price Action When the price takes a leap of faith outside this range, that's when the magic happens. It might indicate a trend in making. Hold on to your hats, because this is where you can swoop in and take a position. The North Star: Using Indicators Now, I wouldn’t bet my last doubloon solely on the Initial Balance. It’s a guide, not gospel. Bring in some allies like volume indicators and moving averages to keep you from sailing off the edge of the world. Why Is the Initial Balance Trading Strategy the X Marks the Spot? Oh, the Initial Balance trading strategy has a special place in traders' hearts for a reason. Here’s what makes it the go-to guide for many: First Mover Advantage: Get a jump on the crowd. Being in the know from the get-go can be your secret weapon. Flexibility: This ain't a one-trick pony. Use it for day trading or merge it with other indicators to build a rock-solid strategy. Early Warning System: When the seas are rough, it’s best to stay ashore. The Initial Balance can help you gauge the market’s mood and steer clear if needed. Weathering the Storms: Potential Pitfalls Hold up! No treasure hunt is complete without booby traps. So, what could possibly go wrong? False Breakouts: Sometimes the market’s just messing with you. The price could break out of the Initial Balance, only to do an about-face. Overnight News: A sneaky villain. News from across the seven seas can throw a monkey wrench in the works, and your Initial Balance may end up as useful as a chocolate teapot. FAQs 1. Can I use the Initial Balance trading strategy for any market? Aye, matey! Whether stocks, forex, or commodities, it’s all fair game. 2. What time frame should I use to establish the Initial Balance? Traditionally, it’s the first hour. But hey, if you like living on the edge, some traders narrow it down to the first 30 minutes. 3. Can the Initial Balance Trading Strategy be my only strategy? Well, putting all your eggs in one basket might leave you with egg on your face. It's good to mix and match with other strategies. Concluding Our Voyage: All Hands on Deck! To wrap this shindig up, the Initial Balance trading strategy can be the wind in your sails. But don’t go sailing blindfolded; be sure to have some extra navigational tools on hand. It’s a pirate’s life for you, but remember, even the savviest pirates have a trusty crew and a sturdy ship. So weigh anchor, and let the Initial Balance be your first mate on this high-seas adventure. Happy trading!
CME_MINI:ES1!Education
by skyline-trader
1
NQ Power Range Report with FIB Ext - 2/3/2023 SessionCME_MINI:NQH2023 - PR High: 12761.50 - PR Low: 12655.25 - NZ Spread: 238.25 Evening Stats (As of 1:25 AM) - Weekend Gap: N/A - 2/3 Session Gap: +0.61% (closed) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 290.60 - Volume: 39K - Open Int: 276K - Trend Grade: Bear - From ATH: -24.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12959 - Mid: 12392 - Short: 11820 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2023
by mv3trader5
Day Trading ES with Simplicity! Initial Balance VWAP and LevelsHey everyone I thought I can share with you what I see working intraday trading the Futures markets. One size definitely does not fit all. Beware of people that tell you their way or the highway! This may resonate with some traders and not with other traders. Getting really good at identifying the Initial Balance, VWAP and Daily Weekly Monthly Levels for areas of Supply and Demand, (where macro traders sit) you can get a great edge over time with your trading and build a ton of confidence. Check it out for yourself. I also use order flow to actual enter and manage my trade ideas but that is for another topic. Everyone take care out there.
CME_MINI:ES1!Education
by New_Wave_Trading
2
NQ Power Range Report with FIB Ext - 7/2/2021 SessionContract - CME_MINI:NQU2021 - PR High: 14542.50 - PR Low: 14532.25 Evening Stats - Gap: = N/A - Session Open ATR: 162.48 - Volume: 14k - Open Int: 224k - Trend Grade: Bullish - From ATH: 0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14676 - Mid: 14104 - Short: 12530 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQU2021Short
by mv3trader5