NASDAQ 100 CFD
75: Post-Liquidation Strategy for Nasdaq Mini FuturesAfter liquidating longs at the low, we aim to hold the level of 20,712 in the Nasdaq Mini Futures market.
Recent market movements have shown increased volatility, making it crucial to identify key support and resistance levels. Staying informed about macroeconomic events and earnings reports is essential as these factors can significantly impact market direction.
Bullish Scenario:
If we maintain this level, we will wait for a gain at 20,713 and then look for new highs around 20,752.
Bearish Scenario:
When losing this level (20,712), we will shift our focus to 20,686 and wait for new scenarios to develop.
Staying vigilant and adaptable in this volatile market environment is key to navigating potential trading opportunities and risks.
Nasdaq Intraday Review - Monday 8 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None
Directional bias - BUY (because an overall trend is like the current of a fast flowing river, if you go against the fast flowing waters, you will go a shorter distance than you may expect. If you go with the current, you will go further than you may initially expect)
During analysis noted the following:
M TF - Bullish
W TF - price stalled at the 19'737 zone (with a shooting star and doji candle formations) but then price pushed higher
D TF - bullish with Friday Day candle closing with a strong momentum bull candle
Noted an area of interest:
Area of confluence highlighted in green is where D pivot + 4H 0.382 exactly align (as at morning analysis when fib was drawn from swing low at A. to swing high at B.)
Set a buy limit to enter a full buy position at this level.
As the morning progressed a descending triangle pattern formed, marked in blue lines
Entered a buy at the hand icon on the 30min TF (even though I thought that market may retrace to my area of interest, Nasdaq gave the clear sign that it was ready to move up).
Confirmations:
Market pattern - Descending triangle patterns usually break down but can break in either direction. In this case the pattern was broken upwards as the bullish support level (bottom horizontal line of triangle) held strong. I entered a buy when the 30min candle closed on the 30min TF. I waited for this candle close because I wanted to be sure that price could break the 1H S&R zone marked in the light blue highlight.
Also a DB had formed and neckline broken upwards on the 30min TF and temporary down trend line was broken - marked with orange lines
S&R - 1H S&R level was broken
Trend - buy is in the same direction as the overall trend and the temporary down trend line in blue had been broken too
Fib - none
Mental stop loss was placed at the pink thick line, which is half the height of the DB formation
Price moved 580 pips from my position.
I secured when price had moved 250 pips from my entry.
When market opened (US session) there was a tug of war between bears and bulls.
Price came down to my entry twice at C. - I removed my stop loss both times (the first two candle wicks at C.) because I wanted to see how price would react to the 30min EMA.
On the third wick down at C. I was out at entry because I did not feel confident as to the direction of market on the third bearish push down.
Decided I will enter again if price comes down to the pivot point and my area of interest.
If not, and if price moves up from here, then I will let my runner from Friday take advantage of the upward move.
Ultimately price moved 890 pips from my entry but I did not gain from this move because I was out at entry at C.
At least my runner took advantage of the buy and I live to trade another day.
What could I have done differently / better?
Looking at the price action now, I don't see a re-entry point that I would have been happy and confident with.
So ultimately, I am happy with the risk I took to watch price action at the 30 min EMA twice in a row by removing my stop loss (not something I usually do).
But I have no regrets to being out at entry, because it could have gone the other way today. So I took a risk and then protected my capital.
A good day on Nasdaq is a small loss, being out at entry or a win.
So I guess it was a good day! ;)
Hope you profited from this buy!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
XAUUSD M30 - Sell Signal (trend)XAUUSD M30
As we can see actively, we are trying to break south of the previous area of M15 and M30 consolidation. Depending on how we trade as we settle in to the EURO/LON session, we may look to trade something on a similar basis to this M30 trend. Something similar to that indicated with the red arrows.
M30 LTF trend entries, or $2390/oz major resistance swing entry. It's obviously very early on in the week, and I'd like to see us settle into the week more, before jumping in to anything.
Nasdaq Intraday Review - Friday 5 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 13h00 GMT
Economic news - NFP @ 13H30
Directional bias - BUY (overall trend on Nas is bullish - "The trend is your friend")
During analysis noted the following:
Usually don't like trading in the morning before NFP (because often market is just consolidating) - so did my analysis just before the news came out.
I am still figuring out my personal method of trading NFP, but I lean towards trading with the trend and trying to get in on a spike down.
Price was at about the arrow when I did my analysis.
I noted a DT had formed on the 1H TF - neckline and profit target marked with green lines. Profit target = same height as the market pattern.
Also noted that if price dips from where it was at the arrow, then a DT would be formed on the 4H TF - neckline and profit target marked with purple lines.
At the time of analysis, the 4H EMA was right at the profit target of the purple DT.
I have noticed that even during news, very strong areas of confluence can still cause price to bounce (sometimes enough to be able to secure at entry after price has moved 250 pips from entry).
So because I felt that market is still chasing that orange profit target, from the huge orange consolidation triangle, I felt convinced of my directional bias.
I had two strong areas of interest:
Area 1:
Profit target of purple DT + 4H EMA + Strong S&R (previous swing high on 4H TF) + 4H 0.382 fib zone (Fib drawn from swing low at A. to swing high at B.)
So at this area, you would get pattern traders possibly entering, EMA traders possibly entering, fib traders possibly entering and S&R traders
Area 2:
4H 0.50 fib level + D 0.382 fib level + strong support on 4H TF.
So I set buy orders for quite big positions at these areas.
It's risky because NFP can be so incredibly volatile and can just smash so far down that you can bust your account.
Area 1 was 1'400 pips from where price was at the arrow and area 2 was 2'500 pips from where price was.
So be sure your account can handle your buy orders if a large draw down occurs.
Because these 2 area's were so far down, I felt I had to set a buy order somewhere higher.
I identified Area 3:
Profit target of 1H DT + 1H 0.50 fib + 1H EMA + somewhat of a S&R zone on 1H TF.
But because this was so close to where price was, I set a buy order for a much smaller position.
NFP news came out, and my Area 3 buy order triggered.
Had a draw down of about 278 pips and price touched the Daily pivot and reversed (I find it so interesting how price can spike down to a very specific point and then reverse on the spot and fly).
Clearly, many traders had set buy orders at this level.
Price skyrocketed and I feel it is chasing that orange profit target level.
Ultimately price moved 2'200 pips from my position.
My profit target is at the orange profit target line end and I am still in the game (didn't close as yet).
Patience paid off and I am happy to end a relatively quiet week of missed trades (because of work deadlines) with a BANG!!!
Hope you caught this awesome buy and made nice money!
Have a great weekend!
Monday we trade again! :)
AI Bubble grows above resistance for QQQThe gap up and follow through today shows a clear break above the 2010 trading channel that has provide resistance so far. I see a pattern very close to that of July 6, 2020. The is not confirmation yet that price is out of the channel and that resistance has become support, but for the bulls this is a very good start. I would expect the bulls to try and run with it now that price is above the channel. I will also be watching for a pullback to test for support in the near future. If that can hold, the AI bubble may get really pumped. We can never know what will spook the market, but right now it feels like the sky is the limit.
Today
July 6, 2020
NAS100 NASDAQ Technical Analysis and Trade Idea US100👉🔍 In this video, we analyze the NAS100 index. It's evident that the NASDAQ has been showing strong upward momentum in a bullish trend. However, considering today is Friday, I anticipate a potentially sharp retracement with the US100. My strategy involves monitoring the 15-minute chart for signs of sideways movement and a potential reversal, which could present a selling opportunity targeting the previous swing low.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
NAS100 Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NAS100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 20,164.1.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 19,774.4 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Nasdaq Intraday Review - Wednesday 3 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - ADP Non-farm Employment Change + initial jobless claims
Early market close today - volume & volatility may be light today
Directional bias - BUY
During early morning analysis noted the following:
Yesterday the bulls pushed higher, breaking out from the 4H consolidation triangle that had formed. Bulls managed to close the D candle higher than the previous highest D close.
Bulls were flexing muscles yesterday.
Usually the profit target on a break out of a consolidation triangle is the same height as the height of the triangle itself (marked in orange lines). This means that theoretically we can expect a significant move up.
I suspect that price may retrace today - possibly a shallow retracement before moving up because bulls will be pushing for the orange profit target.
Identified two areas of interest (as at 6am GMT) highlighted in green. If price comes to these areas, I will enter a buy at my full position size;
Area 1:
Pivot point + 4H 0.382 fib level (drawn from swing low at A. to swing high at B.) + 1H 0.618 fib level (drawn from swing low at C. to swing high at D)
Area 2:
Top of the consolidation triangle (i.e. assuming market would want to re-test this market pattern) + 4H 0.50 fib level + 4H EMA (EMA was at this area in the morning)
But I think it is unlikely that price will come down this far because the retest of the consolidation triangle already happened on the 1H TF i.e. the red candle close to C. (quite a high time frame thus representing a strong re-test)
Noted another consolidation triangle formed on the 1H TF (as marked by the dark pink lines) during the morning hours.
Entered a buy as price started breaking upwards from the market pattern (indicated by the hand).
I generally don't like to enter on these early morning market patterns because I've seen they are often prone to fake-outs on Nas100.
But I was watching price action carefully on the 5min, 15min and 30min TF's and bulls seemed to hold breakout strong. I entered gradually as my confidence rose that this is not a fake out.
Mental stop was placed below the consolidation triangle (marked with the thick pink line).
Market moved up by more than 250 pips and I secured my trades at entry.
Bears stepped in forcing a retracement and I was out at entry.
Price touched the 1H EMA and this was enough dynamic support to invite bulls back into play.
At this moment I was very distracted with work deadlines an unable to pay the close attention to my charts as I usually do. So I did not re-enter.
But looking back at the candles now, the buy entry at E. was not an easy one. Nas did not give clear confirmation. The bulls momentum candle was right as the US session opened at 14h30.
There was no nice DB on the 5min nor the 15min TF (which are the TF's I use for precision entries).
The bullish momentum candle came up so high that it just didn't feel right (to me).
Perhaps the correct entry would have been at F. which was the re-test of the uptrend pink line and also the 0.618 fib level on the 1H TF (fib drawn from swing low E. at to swing high at G.) But this entry style is not my entry style.
Usually what I do to combat these kinds of situations is to leave a small runner open. So for example if I had a successful trade open yesterday and market moved up +- 2'000 pips let's say...then I would leave a small runner open.
For me, it removes the FOMO I feel when Nas just turns around without much confirmation, because then I still feel like I am "part of" the big move up and dont feel like I am missing out.
Then my runners take advantage of days like today and I re-enter my bigger positions into the uptrend on strong retracement interest areas.
I recently closed all my runner's on the 3 bear day candle closes.
Hope you caught this nice buy!
If you did...tell me how you got in!?
Not trading tomorrow....see ya Friday!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Tuesday 2 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Directional bias - BUY because for me there has not been a reversal market pattern on a high TF (at least the D TF).
During analysis noted the following:
M - June M candle closed with a massive bullish candle which was 16'886 pips in size. May M candle was 16'453 pips in size - so there is no slow down in bullish momentum on this high TF.
W - Last W candle close also could not break the resistance at 19'740 and closed in a doji candle. So now we have a shooting star candle + a doji candle + a colour change candle on the W TF. So this could indicate that bulls are losing momentum at this point. Price could either be stalling at this point and then push further up or price could be stalling with bears stepping in. So further confirmation is needed.
D - Potential DT forming with the neckline right at the resistance level that can't be broken on the W TF.
4H - Massive consolidation triangle forming (you could see it clearly this morning on the 4H TF if you change chart type to line chart, marked in orange lines ((although now broken upwards at time of writing)) Also a large DB formed with neckline broken up and price retesting neckline.
Entered a buy at 19'755 (as indicated by the hand) - Confirmations:
1. Market pattern - DB formed on 30min TF (marked in turquoise lines) with neckline broken upwards. Entered at break of the neckline. This DB formed right at the area of weekly resistance and above the pivot point, indicating that market is rejecting this area and bulls are stepping in to possibly break this zone. Also on the 15 min TF, there is a DB right at the pivot point , with nice long wick candles sticking out below the pivot point, indicating that bears pushed hard to break this support zone down but bulls fought back and held the zone strong (candlestick confirmation). Timeframe confluence also exists because we have a DB formed and completed on 15min TF + DB formed and completed on 30min TF and DB in progress on 1H TF + this zone represents the re-test of the neckline of the 4H DB so clearly price is rejecting this 4H neckline and ready to move up.
2. S&R - market clearly rejecting the daily pivot point
3. Fib - 4H 0.382 is in the same zone as the pivot point
4. Trend - overall Nasdaq is bullish and trade is in the same direction as overall trend - "the trend is your friend". Plus current temporary uptrend line (bottom of consolidation triangle on the 4H TF)
5. Break & re-test - 4H DB break of the neckline and re-test
SL was a mental stop placed at the thick pink line (i.e. half the height of the DB market pattern)
Market moved up the full profit target of the market pattern (i.e. the same distance up as the height of the market pattern)
Then price came back down to re-test the neckline, but bulls couldn't hold strong and price pushed down further.
Usually I would secure my trades at entry after price moves 250 pips from entry. Unfortunately, price only moved up 240 pips and then moved down.
So took a loss of about 300 pips when my SL hit.
Not sad about this entry - it was based on good confirmations on high timeframes.
Then I missed a great entry due to a mistake I made during my morning analysis.
For the D TF, I drew my Day fib from swing low at A to swing high at B.
I should have drawn my Day fib from swing low at C to swing high at D - reason being because market had already retraced at C. so this should have been my most recent swing low.
Such a rookie error! Can't actually believe I made this mistake.
But had I drawn my fib correctly, I would have identified a really strong area of interest (marked in the green highlight on the 30min TF).
This was an area of confluence because it was the intersection between the orange uptrend line, the 4H and the D 0.618 fib.
Under usual circumstances I would have entered at such a strong zone because price would for sure bounce from this zone. Probably bounce enough for me to secure my trade and then if bears persist, market would take me out at entry.
So I missed this trade and market moved up 3'000 pips - OUCH!
But I live to trade another day!
Hope you caught this great buy and made nice profit!! :)
What could I have done differently / better?
My real issue here was that I was using my old charts from last week. Usually I would use fresh charts each week. Essentially being lazy and not creating a new set of charts for this weeks trading, caused me to rely on old fibs.
Laziness will always bite you in the behind!
NAS100 H4 | Falling to pullback supportNAS100 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,521.53 which is a pullback support.
Stop loss is at 19,333.00 which is a level that lies underneath the 38.2% Fibonacci retracement level.
Take profit is at 19,900.09 which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NAS100 Will Fall! Short!
Take a look at our analysis for NAS100.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 19,717.14.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 19,399.12 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
NAS100: First red dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range ✅ day 2 cycle
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day ✅
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: secondary, not my main setup, however I could scalp long if after 10am, the market will consolidate at the current level (Friday LOD) for at least 30/45 minutes for a reversal trade back to the current HOD
Short: primary, possibility to see down continuation, going to completed during the upcoming days the weekly pump and dump scenario. I will be looking for a pump and dump in my session (NY) after all the news will be release.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
NASDAQ - What do I expect?Hey Guys,
the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here.
However, a Fifth Wave extension is not that unlikely because the third has not been extended.
in simple words: We might see a bit of a correction - or we will see a straight continuation -break above and retest the Highs - but I guess many will be happy taking a bit of profit here, thinking about the upcoming election in the USA - a bit of Consolidation would be expected at least thats what I am thinking…
Either Way - I will be cautious during the next week as it might indicate what Q3 will look like.
Thank you for reading…
NASDAQ based on past data This is the past data of NASDAQ and would like to see how the everything code plays out based on Raoul Paul's idea that everything is correlating to the debt refinancing by the fed.
remember rates will be cut soon and based on past data September gets the end of the stick so lets see how they cut rates and how the market will behave due to that
#fed #nas100 #QQQ
NAS100: First red day, on the backside
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2 ✅ day 2 cycle
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day ✅
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: secondary, not really interested in it, unless a 3 sessions setup dump and pump is identified after 10am, not really into it today.
Short: primary, potential weekly pump and dump, currently the price placed a lower low into the LOD and started pumping up. If the price will lock the high for a reversal short trade after 10am , I will be willing to take it.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni