Nasdaq Intraday Review – Monday 8 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Today was a different day for me. I planned the trade I took today over the weekend.
Friday 5th Jan trading day ended with a green doji candle close on the D TF.
This D candle touched the 0.618 Fib level on the D TF and closed above the 4H 200 EMA.
To me this signalled the start of a bullish move, at the very least to re-test the neckline of the Double Top on the D TF (marked in pink).
I decided I wanted to enter a swing trade and so I stayed up late on Sunday evening and opened a nice big buy position in the seconds as market opened on Sunday 11pm GMT.
My swing trade buy confirmations:
- Market Pattern – double top had formed on the D TF and price had traveled the full distance of the profit target (i.e. the same distance down as the height of the market pattern). I like to enter a trade that will re-test the neckline in the same direction as the overall trend (bullish in this case if we assume that the bear move was just a retracement and not a full trend reversal. I will consider a full trend reversal to be in place if market tests the neckline of the double top and then moves down again).
- Fib – a strong fib level was reached on a high TF (0.618 on a D TF)
- Candle stick – green doji on a D TF
- S&R – 4H 200 EMA providing dynamic support to 2 x D candles
I funded my trading account with the amount of money I was prepared to lose and I would not place a stop loss. I correctly choose my position size to handle a drawdown of 1500 – 2000 pips and if my account bust then that would be the end of my swing trade.
All went according to plan, and I am currently on 3166 pips profit for the day.
I did close a small portion of my position to recover my small losses over the previous days and also take some profit for my efforts today. But the majority of the trade is running.
I secured my trade at entry and am now trading risk free.
The plan is to wait to see if bulls break through the neckline (so far so good, but I am expecting a bearish push down tomorrow to test bulls strength). Luckily pivot point + 1H, 4H and D 20 EMA’s will be under the candles hopefully giving a push up.
What could I have done differently:
I am happy with my performance today.
Hope you caught this nice buy!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
NASDAQ 100 CFD
NASDAQ-100 REVERTING TO ITS MEAN!As projected last week, NASDAQ100 now dipping, likely to its mean zone.
N.B!
- NAS100USD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#NASDQ
#NASDAQ100
7 Dimension Trade idea For Nasdaq 😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective move, indicating a Point of Interest (POI) for potential reversal. Vigilance is required for a bullish reaction at this level.
🟢 Inducement: Not done yet; waiting for a proper internal bullish BoS.
🟢 Internal Structure: Currently bearish, anticipating a shift with a bullish BoS.
🟢 Decisional Order Block: About to be mitigated.
🟢 Demand Area: Identified via FVG, indicating a discounted area.
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: No significant chart patterns observed.
🟢 CANDLE PATTERNS: Various signals: Record Session count, Shrinking long wick, Change in guard with engulfing, Doji, Momentum, Inside bar, and a blended combo suggesting a potential reversal.
3️⃣ Volume
🟢 Fixed Range: Bullish dominance in these areas.
🟢 Volume during Correction: Comparatively less during correction than in impulsive moves.
4️⃣ Momentum RSI
🟢 Zone: Extremely Bearish
🟢 Range Shift: Waiting for a potential shift from bearish to sideways. Two strong bullish divergences indicate weakness in bearish momentum.
🟢 Loud Moves: Conventional RSI theory suggests an extremely oversold market, possibly signaling a reversal.
🟢 Grandfather Father Son Entries: A robust 7-star buy signal.
5️⃣ Volatility Bollinger Bands
🟢 Price is already under the Middle band.
🟢 After a strong expansion, the market is moving into contraction, indicating a potential bullish sideways move.
🟢 Squeeze breakout awaited.
🟢 Walking on the band not yet.
6️⃣ Strength According to ROC
🟢 Values: Nasdaq shows the highest rate of bullish sentiment compared to all other indices.
7️⃣ Sentiment
Price action signals a clear long entry, but other dimensions like momentum and volatility tell a different story. Waiting for final volatility and momentum confirmation for a long position.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish
☑️ Current Move: Corrective
✔ Support Resistance Base: FVG demand area
☑️ Candles Behavior: Bullish signals intact - RSC, Long wicks, Doji, Inside, Momentum.
☑️ FIB Trigger Event: Occurred
☑️ Trend Line Breakout: Breached but not confirmed.
💡 Decision: It's prudent to wait until the price provides a proper internal structure breakout. Once a bullish BoS is confirmed, consider a buy. I will update entry, take profit, and stop levels when triggered.
🚀 Entry:
✋ Stop Loss:
🎯 Take Profit: 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio:
🕛 Expected Duration:
SUMMARY: The analysis suggests a potential bullish reversal but advises caution until the price demonstrates a clear internal structure breakout. Various signals indicate a reversal, and a detailed plan will be updated upon market confirmation.
NAS100Bounced off 16200, which was last a support in DEC 2023 and a resistance (High) in NOV 2023. Therefore level of significance
4H
* Bullish engulfing candle of the low
- doji followed and a possible hanging man
- dive deeper for more info
1H
* Bounce 3 times at 16425 : which usually is the beginning of an expected breakout
- there's a potential 4th touch
- next directional move will determine our stance
- close above 16250, could be a change in direction
- close below 16200 with a rejection (new high) of this level will be continuation to the downside.
15Min
* compact candles, from impulsive break.
- will impulsively open
Verdict
- The possible trade there is highly risky, bad RR and just placed with no expectation
- WILL NOT BE TAKING THE TRADE
- Waiting for better information on the market
HTF Markup 8-12 Jan 2024 W2 - XAU, DXY, GBP, JPY, AUD, NAS, BTC This is a Weekly post for several pairs showing HTF Markup using Smart Money Concept (SMC) only on Weekly, Daily and 4H Time Frames.
Feedback will be highly appreciated.
TVC:DXY
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Daily:
4H:
OANDA:XAUUSD
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Daily:
4H:
FX:GBPUSD
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4H:
FOREXCOM:USDJPY
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Daily:
4H:
FOREXCOM:AUDUSD
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OANDA:NAS100USD
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COINBASE:BTCUSD
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US100 NASDAQ Technical Analysis and Trade Idea NAS100Sharp Retracement in NAS100: Opportunity on the Horizon?
Eyes are laser-focused on the NAS100 after it slammed into a key resistance level. The current aggressive pullback sets the stage for an intriguing dynamic ahead of the NFP data drop later today. A strong dollar boost (or unexpected weakness) could significantly impact the index, making this data release a potential swing point.
With such a sharp retracement already underway, I'm eyeing a potential long entry as the price plunges towards a crucial support zone. In the video, we dissected the trend, price action, market structure, and other technical essentials to build a comprehensive picture.
Remember: This analysis is purely for educational purposes and should not be interpreted as financial advice. Do your own due diligence before making any trading decisions.
Nasdaq Intraday Review – Friday 5 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am GMT
Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea.
I believe this bearish pushdown is a big buy retracement on the D TF and not a trend reversal.
During my analysis, I noted the following:
Today was NFP. I usually don’t like trading during the day of a big news event. Often times markets are muted during the day with the true volatility coming with the news event.
I entered a buy one minute before NFP came out – Confirmations:
Market Pattern – Price had already travelled down the full distance equal to the height of the D double top. In theory, it is at this point that often market will reverse to test the neckline of the pattern.
Fib: Price was just above the 0.618 fib level of the D TF (a very high and strong TF)
S&R: 4H 200 EMA
My NFP buy was at A.
As NFP hit I was expecting a big reaction. However, market seemed quite unreactive.
For 10min price was sliding down.
I was very surprised and thought to myself that if NFP can’t turn this bearish retracement around, then price will fall a long way still.
I have been taking small losses in the past few days, attempting to catch the correct reversal point. But these have been quite small losses and overall, I am not too sad about them because my risk management was pretty good.
But in this moment, during the 10min after NFP, fear took over and I was not able to think straight.
I didn’t want to take further unnecessary losses and I was fearful that market would slip down because even NFP couldn’t introduce bulls into the game.
So, I closed at B. (right on the 0.618 D fib level).
As I was writing this trade in my trade journal and I was documenting the reasons for entering the trade, I thought to myself that these are such strong confirmations and that I didn’t give my trade enough breathing room. I realized then I had been too quick to react (out of fear) and should have waited to see how the candles would react to the 0.618 fib level.
So basically, keeping my trade journal highlighted to me that I had acted in fear and not rationally. I took a minute to think clearly what I wanted to do and knew I was prepared to put some money on the table for those strong confirmations, so I entered a buy at C.
Overall, bulls pushed up from B. by 2400 pips – this could be the start of the bullish trend again, especially as we saw the day close with a green doji candle on the D TF.
When I saw the weakness on the 15min TF after price had touched the 4H EMA, I closed half my position at D. I secured my remaining half position at entry and was hoping for market to continue pushing up to at least test the neckline of the double top on the D TF. But alas, we did not get there on Friday and candles spiked down to take me out at entry.
But felt really good to make some pips (950 pips) for the day!
Dealing effectively with emotions is one of the hardest parts of trading. Today, fear came into the game for me, but happy that my good habit of trade journaling helped me recognize this and that I still came out with some pips!
What could I have done differently:
Controlled my emotions better.
Hope you had a good trading day!
Catch ya on Monday!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
🎯 Is BTC/NAS100 ratio pointing at a BTC correction?Most of us are probably aware of the correlation that exists between BTC and the Stock Market - more details HERE .
This correlation however is very much impacted by BTCs volatility - which means BTC rises faster and falls sharper than stocks, even if the direction of the move is similar.
One interesting chart too look at is the BTC/NAS100 ratio, which follows strength and weakness between the two asset classes. Usually during bull markets BTC tends to trump NAS100 gains, while during bear markets this goes the other way around.
Currently we are sitting inside a long term wedge created by the lows of 2018 and 2020 and the highs of 2021. And during the last 2 years we haven't broken out of this wedge.
At this time BTC is knocking on the upper edge, but the pattern it is forming (several weeks of flirting with this area) suggests it will act as resistance once again.
Considering that the start of the year brought some downside in the stock markets, if this downside continues it could drag BTC along with it as long as the correlation remains.
In the long term I do expect BTC to break to the upside - a moment which would mark for me a clear confirmation that the bull market has started, BTC outperforming stocks significantly being a clear indicator of that.
For now I am taking note of this chart and placing my bets on some downside in BTC over the next period, looking to reverse my bets when we reach the yellow area of support. Do note that once a resistance area has been broken we've retested this area once before moving up more, something which hasn't happened yet.
NAS100 Will Go Down From Resistance! Short!
Take a look at our analysis for NAS100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 16665.1.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 15358.1 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 – Thursday 4 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am GMT
Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea.
Bears have totally dominated, with a push down of +- 7000 pips. I believe this is a big buy retracement on the D TF and am waiting for the reversal.
During my analysis, I noted the following:
A double bottom formed on the 1H TF (marked in purple lines).
Market pushed up to break the neckline of the double bottom & temporary down trend line (marked in light blue).
I entered a buy at A. – Confirmations:
- Market Pattern: This was the 1st time that a double bottom formed on the 1H TF since the bearish retracement, indicating the growing strength of the buyers. Entered at break of the neckline
- Fib: There was no buy fib level but there was some distance to travel to the 0.382 sell retracement (drawn at time I entered the buy and not as indicated on the chart now because swing low changed) so I felt there was enough distance for market to travel and secure my position at entry.
- Candle sticks: Strong 1H momentum candle + first time we saw 2 green candles in a row close on the 4H TF, again indicating the growing strength of bulls.
- S&R: Strong weekly and monthly support and resistance zone
It was a risky entry because the pivot + 1H EMA were just above pushing down, so I entered 50% of my usual position size.
Mental stop was place at thick pink line.
1H EMA proved too strong, and bulls were unable to break through. Took a 370 pip loss on this entry.
Not sad about it because I feel it was a valid entry and worth putting some money on the table for.
Bears push down further. Towards market open price was approaching the 4H 200 EMA (a very strong dynamic support zone) + the profit target of the D TF double top (marked by C. in bottom left corner – i.e., market will generally move the same distance as the height of the market pattern).
When a double bottom formed on the 15min TF in this zone, I was very interested to enter a buy.
However, just yesterday I said in my post “It’s ridiculous of me to think that its enough confirmation to enter a buy on a 15min TF (a very small TF). A 6000 pip bearish move will not come to a screaming halt on a 15min double bottom.”
The difference now was that this pattern was forming in an area of confluence as opposed to just a random 15min double bottom anywhere in the charts.
I chose to wait for the re-test of the neckline and entered a buy at B. as market was moving up again – Confirmations:
- Market pattern: retest of broken neckline of a double bottom of the 15min chart
- Fib: in the 0.50 fib zone on a D TF
- Candlestick: inverted green hammer candlestick on the 1H (a potential bullish reversal signal)
- S&R: in the zone of the 4H 200 EMA (a very strong EMA)
- Trendline: none
Mental stop was placed at thick pink line.
I also placed a buy limit at the thick pink line as I really believed a bullish bounced would occur from this zone.
Finally hit a nice buy with market moving up 1000 pips from my entry.
Wanting to see a strong move up, I secured my position at entry and am trading risk free.
What could I have done differently:
I should have taken profit (closed a portion of my position at D.)
D. represents the 5th time market tried to break this zone and on seeing weakness on the 15min TF, I should have secured some profit.
Good luck if you are still trading!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
US100 16396.9 +0.18 % MULTI TIME-FRAMES 🐮🐻Good Day Traders
Here's a bit of a dive into the NASDAQ Multi time-frames out look.
WEEKLY
* Saw a sweep of some external range liquidity.
* Strong Momentum Shift & a CHANGE IN STATE OF DELIVERY
DAILY
www.tradingview.com
* The overall still bullish NASDAQ MIGHT just see some retracement into discount areas before continuation.
* NASDAQ has a shift in the momentum towards bearish side in the form of Market structure shift on the daily time-frame.
* looking for a possible bullish Day into Internal range Liquidity before continuation with the bears.
* Retracement into internal liquidity would be great for possible shorts in coming weeks
4H
www.tradingview.com
* A bullish day highly favored today
* looking for mitigations of bearish PD ARRAYS / INTERNAL LQ ABOVE BEFORE continuation.
* Momentum post-ASIAN SESSION indicative as well
1H
www.tradingview.com
* Ext liquidity was taken WED NY-SESSION
* just respected bullish FVG ON the hr.
* A shift above the fractal High will indicate that we might close the week bullish
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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9 AM ZAR TIME
ICT SILVER BULLET EXECUTION
Here is today's SILVER BULLET set-up which presented multiple entries.
1. Swept Asian highs and internal range liquidity
2. Aggressive momentum into the range.
3. 1st entry was an inversion FVG + BALANCE PRICE RANGE
4. 2ND entry classic ICT 2022 ENTRY MODEL
5. 3RD ENTRY REJECTION AT THE FVG
Target > 1hr +FVG
www.tradingview.com
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
NAS100 BUY level AT 16396NAS100 BUY NOW AT 16396
TAKE PROFIT 1 : 16449.8 and TAKE PROFIT 2 : 16546.0
STOP LOSS 16340. if broke 1H support go for cut lost before stop.
Please follow a sensible and responsible money management strategy when trading.
You should never invest money that you cannot afford to lose. Risk 3% of capital