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Nasdaq100

NAS100There isn't much I can say or do. This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier. Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders. It is heading for 16600 * 3 touches up, 3 touches down. In the channel its been in * It broke the channel and retested * continued downwards * rejected 16865 (Showing the direct, downwards) * wait for opening to get last confluence before looking for sell entries TP1 = 16760 TP2 = 16680 TP3 = 16600
PEPPERSTONE:NAS100Short
by Mhangwane1
Nasdaq Intraday Review – Friday 29 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Even though we are at all-time highs, I keep my bias bullish. So had my buy position C. open from yesterday. Market moved up 380 pips from my position and I secured my trade once price was +-250 pips from my entry (this means I placed an actual stop loss at entry). As market moved down from 4. - I was out at entry. Bulls were unable to break the 1H double top (pink) neckline at 4. (yesterday there were 3 attempts) and today’s fourth and final failed attempt led to the bears stepping in resulting in a market drop. Although I wasn’t looking for a sell, the sell at E. makes sense because (confirmations for this sell): Market pattern: Double Top market in pink lines with a neckline tested 4 times Double top (marked in orange lines) formed just above the pivot point on the 1H TF. Market broke the neckline and re-tested the neckline (pivot point) at E. and on failing to break, bears dominated. Ascending wedge (marked by grey trend lines) formed on the D TF and broken bearish (at 2.&3.). Once officially broken, price usually moves the same distance as the height of the pattern. The market coming up to test the neckline of the 1H double top for the fourth time can also be seen as a retest of the ascending wedge. Falling wedge (marked with green lines) + head and shoulders (easily seen on the 4H line chart) - as the day progressed a strong head and shoulders formed on the 4H TF. The neckline was sloping down, which makes it a more bearish market pattern. Candle sticks: yesterday closed with a red D candle, warning of a possible retracement on a bigger timeframe. I entered a buy at D - confirmations: Market Pattern: This was the very limit, the tipping point, of a buy. If bulls were going to step in it would be to prevent the neckline of the 4H head and shoulders from breaking bearish. There was also going to be the re-test of the neckline of the orange Double top and I like being part of the re-test in the same direction as the overall trend, bullish in this case. S&R: 4H EMA providing some dynamic support Fib: This level represented yesterday’s 0.618 fib level – a strong fib level Candlesticks: A doji formed on the 1H TF This was a risky setup so I set a super tight mental stop loss, marked with the thick pink line. If candles broke this level Nasdaq would sell with momentum. Bears dominated and I took a 200 pip loss. I’m not sad about this, it was a calculated risk. Ultimately market dropped like a stone, crushing my hopes of a Santa Rally and taking out my other position that I tried to swing till 3 Jan 2024. I hope you caught the sell! It was a stunning ~2000 pip move and you would’ve ended the year with some nice profit. What could I have done differently: I’m happy with my risk management and how disciplined I was at securing my trades at entry. I would never have taken a sell because my bias was bullish, but we will see what happens in 2024! All the best for the new year! Hope all your (and my) trading dreams come true! 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
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Thursday 28 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Even though we are at all-time highs, I keep my bias bullish. At time of analysis, I noted the following: Early morning market had pushed up and by the time I was doing my analysis, price was consolidating in the blue circle. At 7am GMT, the 4H candle closed a red hanging man candle, warning of a potential bearish push. On the 1H TF, a double top market pattern started to develop. Neckline and potential move down (i.e. the same distance as the height of the pattern) if neckline was broken indicated with pink lines. My morning fib was drawn from swing low at D. to swing high at E. and retracement levels written in blue. I was cautious of a bearish pushdown and so entered half positions to see how price reacted. Also noted that fib levels were relatively close together meaning that potential draw down / loss would be manageable. Entered half a position buy at A. and then a few minutes later half a position at B. – Confirmations: S&R: 1H 20EMA dynamic support. On the 5min TF, a doji candle formed at this level indicating that perhaps the EMA would provide support. But 5min TF is not very strong and this was weak confirmation – hence half a position. Trendline: Market was near the bottom uptrend line of ascending wedge on the D TF. This trend line had been respected multiple times before. Fib: none (kinda close to 0.382 level so these positions represented my aggressive shallow retracement entries) Candle stick: there was a long wick green candlestick rejecting this level that formed on the 30min TF, that closed above the 1H neckline, indicating strength of buyers. Market pattern: Usually market moves the same distance down as the height of the double top. And I like being part of the re-test of the neckline that is in the same direction as the overall trend. Mental stop was placed below the 0.618 fib level where the 4H EMA would also have provided a bullish push up. If candles started closing past this point, then my buy would be invalidated. Ultimately, buyers were unable to break through the 1H double top neckline and bears stepped in to create a big retracement move. I entered a full buy position at C. – Confirmations: S&R: pivot point Trendline: Ascending wedge trendline had been broken bearish, so this could potentially be a breakout from the wedge and could lead to a massive bearish move. So extra risky here. But I had confidence that market would at least re-test this trendline. Fib: C. represented a level between the 0.50 and 0.618 fib level. This was my last position and I would not have entered again at the 0.618 level. I preferred to take a draw down if market continued to move down. What makes trading Nasdaq so hard is the extreme volatility and long candles spikes. We saw just yesterday how market only touched the pivot point and then flew up. Candle stick: Before I entered at C. there was a long wick candle that touched the pivot and closed above the 0.382 fib level, giving me confidence that buyers were rejecting this level. Market pattern: none So now I was in a risky position with 2 buy positions in a market that was temporarily bearish. I knew that I wanted to close my A. and B. positions as soon as market moved up so I set a take profit at entry for both. Going to sleep with 2 buy positions and a red day candle close was stressful. But luckily market has moved up the next day and my positions automatically closed at entry and now I am left with my C. position. In these types of situations you must control greed, because on the 1H TF where the red dots are marked, you can imagine that the 1H candle was fully green at a point in time (where it is now a spike) and you see the momentum with which the candle is moving, so thoughts come into your mind like “imagine market continues to move up and then I have 2 buys open – Cha CHING!!! Let me remove my automatic take profits”. But the bottom line is that it will take a big bullish push to break that neckline and market can easily turn down again (ascending wedge trendline was broken bearish after all). So one has to consider rationally how much risk you are willing to take and not act in greed. My C. position is now secured at entry and I’m hoping for a strong move up! Good luck if you are 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
PEPPERSTONE:NAS100
by Jinxx84
End of impulse pattern? or trend extensionHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
OANDA:NAS100USDLong
by mehdi47abbasi79
Nasdaq Intraday Review – Tuesday 26 Dec 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Back from Holidays and time to TRADE! Did my analysis at +- 5:20am GMT Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Even though we are at all-time highs, I keep my bias bullish. A true trend reversal will come with a double top market pattern on a high TF (i.e once a double top forms on the D TF, then I will consider a bearish bias). Plus we are at the bottom of an ascending triangle on the D TF marked with grey trend lines. At time of analysis, I noted the following: A doji candle on the D chart had formed from previous day. Gap up on the day chart at market open this morning – indicating bullish presence. A double top had previously formed on the 1H TF (yellow circle) and broken the neckline bearish. On the retest of the neckline (in the same direction as the overall trend i.e. bullish) the bulls broke the neckline as well as the pink temporary downtrend line + gap up. There was a retest of the pink downtrend line + neckline at A. with a red candle and bulls pushed back up. I entered a buy at B. because on my smaller TF’s it looked as if the candles had broken the strong resistance + temporary orange downtrend line. Turned out to be a glitch on TradingView (seemed the trendline was incorrectly positioned on the lower time frames even though correct on the bigger TFs?) and as you can see at B. the orange trend line was not broken. I was convinced that if the resistance + orange trendline the uptrend would continue. I also admit to being additionally biased due to the apparently impending “Santa Claud Rally” and a slight case of FOMO. Market however turned down. I recognized my weakness in entering this buy (emotional trading) and immediately set a take profit at entry so that if market moved up it would close this position. Even if market continued to move up and past this position, I didn’t deserve the profit from this buy because it was not executed professionally (in my opinion) and I don’t want profit from being lucky. I entered a more reasonable buy at C. – Confirmations: - Market Pattern: Double bottom formed on the 15min TF and entered at the break of the neckline at C. - S&R: Market was rejecting a D S&R line (marked in grey) + 1H EMA was acting as dynamic support - Candles and Fib: The red candle on the 1H TF before the C was a longwick candle rejecting the 0.618 fib level of a short-term Fib drawn on the 1H TF from swing low at D. to swing high B. Mental stop was placed at thick pink line, below 4H 0.618 retracement level, where trendline and 4H EMA converged. Meaning that if candles started closing below this point, then my buy would have been invalidated. I would also have added another position if the market went down this far. Endured a draw down of 315 pips, but ultimately bulls pushed up at market open and at time of writing this, market moved a max of 915 pips up from my position. Take profit plan: Want to test this “Santa Clause Rally” theory. It is define as a bullish rally in the last 5 trading days of the year and the first 2 trading days of the new year. So I will keep this position running and close +- 3 Jan 2024. I am secured at entry (actual stop loss placed at entry), so I am trading risk free and will see how far market will rally. What could I have done differently: No let emotions and FOMO come into my trading as evidenced in my first buy. I got lucky and the position was closed at entry as market moved up and my mistake did not lead to a loss. 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
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ - New ATH? Bullish outlook is still in place for a while to come, and the instrument has an honest attempt of hitting new all-time highs. The model suggests that the highs at the end of 2021 are currently vulnerable to challenge with potential as previously indicated for a new ATH . The index has been bullish from the start of the year, but it actually kicked off in October 2022 with an influx and continuation of considered interests. Except for a notable downturn that lasted nearly the whole year of 2022, the Nasdaq has been rising steadily for all of time. Technical analyses maintain that prices are currently in a make-or-break situation due to the immediate challenge of the big decline in 2022, But that at these current levels, there should be sufficient drive to continue the ascent to new highs in form of a bullish stretch/ductility. As with any new ATH, some type of collapse will become unavoidable, driving prices down, back to current levels and inherently giving Sellers a last ditch opportunity to address difficulties. This assumes that the projected ATH is reached, at which point more data analysis will be carried out. If the scenario described above doesn't occur, a crash becomes possible with 15500 being the area of immediate interest. Having found this page valuable, then Like it, Follow and Leave a Comment to receive updates as they happen. Observe your DD, it's merely a vista!
OANDA:NAS100USDLong
by FroggyFX
NAS100 SMT UPDATESMy first idea is to short this, but I see the price has and have more momentum keep on reaccumulating everytime stops. So my speculation on this is reaccumulating again at 16460$ zone. Money got transfer at 16669, Im expecting price to 17100-17150$ per $Nasdaq. No room for Shorts, but be always careful stoploss is our friend here!. Trade at your own risk. Follow for more. Come and check me out for swing trades. Daily and Weekly updates. Quality ideas are here! Thank you for all the support 500+ followers. im expecting only 400 followers this year. THats why I keep posting some Good stuff. Im just a nomad traders that you dont know. Experience is my key to success on trading. I hope you do too.
FX:NAS100
by D1GITALTRADES
Five waves up, three corrective wavesHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely
OANDA:NAS100USDLong
by mehdi47abbasi79
2
Nasdaq Intraday Review – Wednesday 20 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Navy blue trend line indicating just how steep and bullish the current trend is. Interesting to see the 1H EMA matching the navy trend line almost perfectly. The early morning market had pushed up since TP1 yesterday. A small double top had formed on the 1H TF and a red candle closed at 7am GMT on the 4H TF – this led me to believe a retracement might be in the works for today. Decided I should enter my buy carefully with good confirmations (at least a break of the neckline of a double bottom market pattern), because at all-time highs the sellers are just waiting to jump in with a short. Market came down strongly and started consolidating between the 50 and 61.8 Fib levels (fib drawn from swing low at A. and swing high at B. on the 4H TF). I entered my buy at the break of the neckline of the double bottom that had formed on the 5min TF (indicated by the hand on the 15 min TF) – confirmations: - Market pattern – break of the neckline of double bottom on 5min TF - Fib – market hovering between the 0.5 and 0.618 fib level - Trend line – not specifically respecting a trend line but buy in same direction as overall trend - Candles - candles rejecting the 0.618 fib level with long wick candles on the 1H - S&R – market consolidation near the brown line representing a resistance turned support level. Nasdaq re-testing this zone. Mental stop loss placed at thick pink line. This was just below a strong 4H S&R zone and also the 0.618 fib level. So if candles started closing past this point then a sell would be in play and my buy would be invalidated. Had multiple drawdowns and wondered if a 5min time frame to enter a buy was too small a TF. But stuck with my buy as my stop loss was not too far down and my loss would not be too big if stop loss hit. Market open at 2:30pm GMT, introduced a strong bullish push and market rocketed up. Secured my position at entry after market moved up +-250pips from my position. Then was trading risk free for the rest of the day. The plan --> Wait for TP 1 to close half my position (if candles suggest weakness in this zone) and watch price action closely before closing the other half, hoping that market will rally. The reality --> The 4H candle close at 7pm GMT failed to make a higher high from this morning. For me this was a bad sign and looked like it could be the peak of a second top on a double top market pattern on a very high TF (4H). So decided to close half my position at the orange dot. Left the other half to run, but bears dominated with a massive push down, so I was out at entry. Market moved about 950 pips from my buy and I took profit at about 600 pips. What would I have done differently: Feel like my trading was on point today, even though it wasn't the biggest pip profit, I am happy with my decisions and analysis. 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
PEPPERSTONE:NAS100
by Jinxx84
🔝 Nasdaq-100 Index: The House of Rising SunThe History is happening right here! ✨ Nasdaq-100 Index NASDAQ:NDX just set its Best First Half in almost 40 years since inception in 1985, with amazing 38.75% year-to-date return in 2023. Among all semi-annual results, Nasdaq-100 gain this year is second only to the year of 1999. With historical 61.44% gain in the second half of 1999, glory times shortly ended. Just two months later in the 1st quarter of 2000 index peaked at 4816.15, for the next 15 plus years. As 38.75% surge in 2023 still far away from the All-the-history record 61.44% in 1999, stocks feel this year like they are, as the great 1960's band "The Animals" said, in the House of the Rising Sun. They won the race, and closed the 1st half of the year with solid gains. Let's take a look and congratulate the winners of the race! ✨ 🥇 The 1st place - Nvidia Corporation, 184.84% YTD return NASDAQ:NVDA Nvidia is the clear winner in the AI arms race so far. It's the company that appears best positioned to dominate the burgeoning sector, and more and more investors continue to wake up to the potential of artificial intelligence. Nvidia effectively provides a one-stop shop for what customers need to drive their AI ambitions. They control their entire ecosystem on both hardware and software, similar to Apple, and that puts them years ahead of competitors. 🥈 The 2nd place - Meta Platform Incorporation, 133.66% YTD return NASDAQ:META Meta Platforms stock jumped this year after the tech giant's first-quarter earnings beat Wall Street's expectations. CEO Mark Zuckerberg also touted the tech giant's AI plans, and pledged to keep costs low as the owner of Facebook, WhatsApp and Instragram continues its "year of efficiency." In a post-earnings call, Mark Zuckerberg hailed the company's AI efforts and vowed to keep a lid on spending. The Meta founder and CEO said AI recommendations had led to people spending over 24% more time on Instagram since it launched TikTok rival Reels. 🥉 The 3rd place - Tesla Incorporation, 120.88% YTD return NASDAQ:TSLA Tesla's stock price has been rallying non-stop for months - and Wall Street is starting to ponder whether that breakneck surge might've made the EV stock a little overvalued. Shares have jumped 57% since late April, with investors cheered by CEO Elon Musk signing charging deals with Ford and GM, while Big Tech stocks have also soared more broadly thanks to the rise of AI as an investment theme. The stock just has settled its best two-quarter advance since 2020. But Barclays, Morgan Stanley, and Goldman Sachs have each questioned that valuation over the past two weeks, with all three banks slashing their Tesla rating from "buy" to "hold". Unprecedented dominance It's historically rare for a handful of stocks from the same sector to make up such a large part of the S&P500 ( SP:SPX ). The last time the five biggest companies by valuation accounted for a quarter of the index's total market cap was indeed the 1960s.
NASDAQ:NDX
by Pandorra
2
Nasdaq100: Analyzing the Potential Impact of a Rising Wedge The Nasdaq100, a benchmark index comprised of 100 of the largest non-financial companies listed on the Nasdaq stock exchange, has long been a key indicator of the tech-heavy segment of the market. However, recent market trends and technical analysis have sparked concerns about a potential downturn, largely attributed to the formation of a rising wedge pattern that commenced on December 7th. A rising wedge is a technical chart pattern characterized by a series of higher highs and higher lows, converging in a manner that resembles a triangle with a rising slope. Despite its name, this pattern often signals a potential reversal in the market's upward trajectory, suggesting an imminent downturn. Since its inception on December 7th, the Nasdaq100 has exhibited this distinct pattern, with successive higher highs and higher lows gradually converging. While such formations are not definitive predictors of future market movements, they serve as cautionary indicators, prompting investors and analysts to scrutinize the market's behavior more closely. Historically, rising wedges have been associated with bearish implications for the markets. The narrowing price range within this pattern indicates a loss of momentum and an impending decrease in buying interest. As a result, investors tend to grow cautious and may start reducing their positions, leading to a potential selloff. Several factors may exacerbate the impact of this pattern on the Nasdaq100's performance. Firstly, the ongoing concern about inflationary pressures, supply chain disruptions, and potential interest rate hikes by central banks may contribute to market volatility. Moreover, uncertainties surrounding geopolitical tensions and global economic recovery post-pandemic continue to cast a shadow on investor sentiment. Tech stocks, which heavily populate the Nasdaq100, are particularly sensitive to market shifts and sentiment changes. The rising wedge pattern's presence within this index raises concerns about the sustainability of the rally that propelled many technology companies to soaring heights. However, it's crucial to note that technical patterns are just one aspect of market analysis and not foolproof predictors. Fundamental analysis, including a company's financial health, earnings reports, and industry trends, plays a significant role in determining stock performance. Investors and traders are closely monitoring key support and resistance levels within the rising wedge pattern. A breach below the lower trendline could signal confirmation of a potential downturn, prompting increased selling pressure and a bearish outlook for the Nasdaq100. In conclusion, the Nasdaq100's formation of a rising wedge pattern since December 7th has raised concerns among market participants. While technical analysis suggests a potential downturn, it's imperative to consider broader market dynamics and fundamental factors that could influence the index's future performance. As investors navigate these uncertainties, a cautious approach with a diversified portfolio and strategic risk management may prove prudent in navigating potential market volatility ahead.
CAPITALCOM:US100Short
by crispinj
21
Nasdaq Intraday Review – Tuesday 19 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend”. Navy blue trend line indicating just how steep and bullish the current trend is. Even though we are at all-time highs, I keep my bias as a buy because up until now Nasdaq is giving all the confirmations for a buy. At the time of my analysis, I noted the following: The early morning market had already closed a 4H candle in green at D. on the 4H TF. – meaning buyers were already resisting a bearish push down from Nasdaq all-time high. 1H EMA and pivot point were below candles, giving bullish push up. 30min EMA had been acting as dynamic support (as seen on the 30min chart). Nasdaq respects 30min EMA when the market is very bullish. Long wick candle had already touched the 4H 0.382 fib retracement level (also at D.) and market had moved up from there. Entered a buy at C. – Confirmations: Market Pattern – break of the neckline of the double bottom Fib – shallow retracement (0.382) on high time frame reached i.e. 4H TF with swing low at A. and swing high at B. Candlesticks – long wick candle rejecting 0.382 area S&R – 30min EMA providing dynamic support Mental stop placed below the thick pink line – this area represents a 4H 0.618 retracement, the seller’s TP2 and a previously very strong resistance level, now turned support. So if candles start closing below this point then the buy is invalidated. Entering a buy at C. was poor form and represented lack of concentration on my part. In my opinion, this does not represent a double bottom and there was no break of the neckline at C. If you change the 1H chart to a line chart you will not see a clear double bottom. Clearly, I had not had my morning coffee before executing this buy. The correct place to execute a buy would have been at E. This is where a double top had formed on the 1H TF and the market had moved down the same distance as the height of the market pattern. At E. there was strong support + a re-test of the neckline of the double top in the same direction as the overall trend. So, I was 150 pips from where I wanted to be. Not a big issue but still…irritating. Market moved up, tested the very temporary down trend (marked in yellow) with a 1H red candle and market open saw a 1H and 4H candle close just a above the Nasdaq all-time high. Unbelievable. Decided to take partial profit (30% of my total position size) at the purple dot because the blue trend line represents the top of a rising wedge chart pattern on the D chart. So +- 650 pips profit. Leaving the rest to run and will judge take profit on the price action. But plan is to take 20% more partial profit at TP1 and let the rest run. Otherwise I will be out at entry. I would have entered 2 more positions at the orange dot because of the 1H EMA + Pivot + 0.382 fib level and I would have held to a draw down till the 4H 0.618 because it was only +- 320 pips down, so not far to go. Good luck if you are still trading – hope you caught the 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
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Monday 18 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Navy blue trend line indicating just how steep and bullish the current trend is. At the time of my analysis, noted the following: In the early morning hours, the market had tested the pivot point and the 1H EMA at C. resulting in a long wick candle – showing buyers rejecting this area. From there, market moved up steadily towards the pink resistance line. This pink line has been rejected on multiple occasions on the 4H TF. This resistance represents the highest ever 4H candle close in Nasdaq history, so it’s a significant resistance zone. Even though we had a deep retracement at A. previously, the market (bullish trend) + pivot points + EMA's are moving closer and closer to this line, even after multiple rejections. So bulls keep pushing up to this area. The early morning bulls had broken the yellow temporary trend line, by the green 4H candle close at C. So for me, with pivots and EMA’s below the candles and the temporary yellow down trend broken, market was ready to test the pink resistance line again today. It seemed that the fib drawn previously (the other day) from swing low at A. to swing high at B, was still in play. I was ready for a buy. Bears pushed down heavily at +- 8:30am GMT, pushed through the 1H EMA, down to the pivot. I entered a buy at the bottom of the wick at D. (the stars aligned, and it was a perfect buy) – Confirmations: - S&R: Pivot point - Trend line: Navy blue trend line - Fib level: 0.50 fib level on the short term Fib on 1H (drawn in) Super aggressive entry, where candles could easily have fallen through. But I have seen with Nasdaq that sometimes the market will push to the very tipping point and then move significantly from there. Sometimes that tipping point is not clear. But today it was clear (to me at least) that if Nasdaq closes down past the pivot point (which was below the 1H EMA) that a big retracement would take place. Entering at this very tipping point between buy and sell can sometimes be a good strategy (and one that I must test more) because your stop loss is so close to your entry, that you don’t stand to lose much. If the candles start closing below the pivot point and the bulls are not strong enough to even bounce from this zone, then the buy is invalid and you cut your small losses quickly. But often, at this tipping point, you get a big reaction, and this is what happened today. Once the market moved up +-250 pips, I put stop loss at entry and I was trading risk free for the day. Ultimately, New York market open was strong enough to close a 4H candle above the pink resistance line (the highest ever 4H candle close). With bulls strong enough to achieve this, I knew Nasdaq was in new territory and was willing to go big or go home with nothing (i.e I would not take profit until market rallied - I would rather be taken out at entry). Market retested the pink line with a red candle on the 1H and moved up from there. In terms of taking profit, I wanted to see how far bulls could rally and waited for the first red candle to close on the 1H TF before closing for the day (at purple dot). Market ran +- 1650 pips from my entry and I closed at +- 1300 pips profit for the day (at purple dot). What would I have done differently: Enter a bigger position at my entry today. So easy to say in hindsight, isn't it! :) But I need to do some serious back testing on my "tipping point" theory - so that's my take away for today. We are now close to Nasdaq all time high – exciting times! :) Good luck if you are still trading – hope you caught the 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
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Friday 15 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” At the time of my analysis, noted the following: Fireball: A beautiful double bottom formed on the 15min TF (as indicated by the fireball). What a perfect buy – confirmations here would have been: - Market pattern: Break of the neckline of double bottom on the 15min TF - FIB level: Double bottom formed in a 0.618 fib level (this is a strong level) on a fib that was drawn on a high TF (4H TF) - S&R: Dynamic support by the 1H 50 EMA - S&R: Rough dynamic support of the 4H EMA at the bottom of the long wick candle - Candles: Long wick candle forming in strong fib level and 4H EMA level But unfortunately, I was sleeping – Hope you caught this gem! So had to look for my imperfect entry. Noted that a big double bottom had formed on the 1H TF and had broken the neckline at A. At B. there was a small re-test of the neckline supported by the 1H EMA plus the 30min EMA. I was very cautious of a sell retracement because yesterday’s D candle closed in the red and in a doji formation, indicating that a bigger retracement might be in the works. This could be a real possibility, because we are at all time highs so the market might retrace on the bigger TF and then gather enough bulls to push through and create new all time highs. Sell retracement draw in. Entered a buy at C. – Confirmations: - S&R: dynamic support by both the 1H and 30min EMA - Candles: Long wick candle at B on 1H TF - FIB: Yesterday the market moved down to 0.618 level and is now moving up in a good trend line (marked by temporary orange trend line). Market may be heading for the TP1 of yesterday's 4H buy fib. - Entered at C. where the 15min candle closed past the 0.618 SELL fib level (to be extra safe, because the candles were rejecting from this level just prior) Mental stop was placed just below pivot point and neck line of the 1H double bottom. Market moved up and I set stop loss at entry after +- 250 pips. Market took me out after a double top formed on the 1H TF and I entered again at D. - Confirmations: - Market Pattern: Retest of double bottom on 1H TF - Candles: 5min showed consolidation at this level - Market pattern: Market had travelled down more than the height of the double top and was bound to re-test the neckline. I like being part of a re-test that is in the same direction as the overall trend (bullish in this case). - This was an aggressive entry. Market moved up and I secured at entry. In the minutes before New York market open, the bears pushed down and I was out at entry at E. and happy to be out because the neckline of the double top seemed to hold the bears down at that moment in time. Market was too choppy for me and market open was in a few seconds so I decided to stay out for the day. It’s a good trading day when you make profit (obviously :) ), make a small loss (shows risk management + good trade management) or you stay out (and protect your capital in a choppy market). It turned out to be an unfortunate spike down for me because the bulls accelerated up after market open and I lost out on about 1000 pips at the time of writing this. But it could’ve gone the other way as well! What could I have done better: I’m happy with my decisions today – could have maybe been more aggressive and waited for the 5 min candle to close at E, but it was too risky for me as it was just before market open and I took a loss yesterday so had to be conservative. Good luck if you are still trading – hope you caught the 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
PEPPERSTONE:NAS100
by Jinxx84
NDX Broke Double Bullish Pattern, 16600 SoonDear Traders, NDX broke the falling channel (long purple trendlines) and then repeated a breakout from the falling wedge (short purple trendlines). I believe NDX can continue its rally because MACD turned bullish, and I can see a confirmed bullish cross on the RSI. The price is above EMAs, and the volume is high enough for the continuation. I believe the target could be around 16600. NDX is also overbought. While I expect further upside, traders without an existing position from lower target prices could wait for a corrective retracement to enter. Kind regards, Ely
NASDAQ:NDXLong
by Elysian_Mind
Nasdaq 100 - Sell (Double Top, H&S Pattern, 0.618 Fib Extension)- Double top formation forming on the Daily/Weekly chart - Head & Shoulders Pattern potential to form (2nd top in double top is the head of H&S patter) - Price has reached Fibo 0.618 extension, potential area for reversal - Mean reversion back to the long term trend line (excluding the inflationary impact of money printing) - News celebrating all time high, contrarian approach to avoid masses excitement/hysteria.
NASDAQ:NDXShort
by BullBearBlair
2
Nasdaq Intraday Review – Thursday 14 Dec 2023I 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 Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Noted that Nasdaq rallied +- 1000 pips since market open on 14 Dec. Basically the continuation move from FOMC last night. At the time of my analysis, a nice double top had formed on the 1H TF. The bears broke the neckline of the double top and the market moved down +- the same distance as the height of the pattern. Here the market found support 16610 level on the 1H. 30min EMA provided dynamic support in this area as well. A double bottom formed on the 15min TF and I entered a buy on the break of the neckline (as indicated by the hand). Confirmations: - Market pattern: Double top profit target reached on 1H TF (ie the market moved +- the same distance as the height of the pattern) - Market pattern: break of neckline of double bottom on 15min TF - S&R: dynamic support by 30min EMA - Previous day positive sentiment regarding FOMC This was an aggressive move because if the market was going to retrace, the 4H fib level were FAR down (0.382 fib level is 730 pips down - thats a big draw down). Watched price action carefully ad up until market open, I could see buyers preset in the market. On market open bears testes down and bulls tested the highest 4H candle close and this session ended in a red doji candle. I had a bad feeling when momentum of market open was not able to break the pink resistance line. If you watched the candles at 3pm GMT, you would have noted the market pushing a bit over the pink resistance line and then in the last seconds of the sessions bears dominated. At this point I should have trusted my gut / bad feeling and put stop loss at entry, but alas. The green doji on the 4H threw me off. Wanted to see how market would react to 1H EMA and the first red candle after the doji on the 1H closed above the 1H EMA, which gave me hope that the 1H EMA would hold as dynamic support. But as it came down a second time and closed below the 1H EMA, I decided to close. Took an 800 pips loss for the day. What could I have done differently: Trusted my gut on the formation of the 1H red doji and gotten out because my buy was aggressive in the first place. Also the doji indicated that the market came to re-test the neckline of the double top on the 1H and failed (even with the momentum of market open) to break through, so a strong sell was in play. Also a buy at all time highs is agressive. Not getting back in today as the 4H EMA is so far down. I rather live to trade another day! At least I still have my (partial position) buys open from the other day which is 3'500 pips up. Hope you did better than me! :) - Ultimately 1000 pips LOSS for the day. - Got the market totally wrong and I am out for the rest of the day! - No revenge or overtrading for me. - Good luck if you are still trading! TF = timeframe TP = take profit S&R = Support and resistance 1H = 1 hour 4H = 4 hour D = day W = week M = month
PEPPERSTONE:NAS100
by Jinxx84