NAS100 AnalysisNASDAQ Analysis
HI Guys. We are still consolidating on nasdaq. We really need a break soon to know exactly where this is going. I am very inclined towards the sell but anything can happen when market is consolidating. We are still at a crucial point on the daily where is may even break out the triangle and go for new highs. Or it may fail and we may see some bearish movements. We can only plan and prepare and be ready.
For the Buyer: 12059- 12218
For the Sellers: 11926- 11786
Nasdaqshort
Nasdaq- Sell on confirmationAfter 1000 points drop from 12.500 top to 11.500, Nasdaq recovered some of the sosses and is trading at the time of writing above 12k figure (12040)
I expect a new leg down from the technology index and a new drop to at least 11500
A drop under 11900-12k zone would confirm this outlook and a rise above 12250 would negate it
NAS100- AnalysisNAS100 Analysis
Nas100 currently in a uptrend on the 45min chart. However for the bulls to continue, we need a break of 12000. A rejection at that point will mean we will see bears coming in and breaking out the trend and creating a new downward trend taking it anywhere between 11800- 11586.
Nasdaq - Short opportunityIt seems that the market has made a big channel that we are waiting to break to the level I marked on the chart with a strong push then we can enter the downward trend and make a good profit
Happy Pips
Good Luck :)
Nasdaq- I'm more bearish than 2 days agoIn my weekend comment, I said that I'm bearish Nasdaq and I expect a drop sooner rather than later, and looking at the daily chart after yesterday's vaccine news I become more bearish.
After the hanging mean which concluded last week's run, yesterday we have a very aggressive reversal day that engulfs all Friday's rise and this for me is a clear signal that bulls lost control, vaccine, or no vaccine.
I will look to sell above 12k figure and as a target, I look for 11k zone but I wouldn't be surprised if it drops to 10k in the medium term
SHORT INTRADAY AT 12121 AND TAKE PROFIT AT 11925SHORT INTRADAY AT 12121 AND TAKE PROFIT AT 11925
mARKET UP ON bIDEN wIN BUTR REMEMBER HE WANT TO UP THE TAX ON TECH
ANYWAY I ONLY PLAY THE PULLBACK FOR NOW BEFORE THE FOMC/FED OR ANY NEWS ABOUT SENATE OR HOUSE FOR ELECTION
WHILE HE WILL TOUCH MY TP I WILL NOT CUT BUT MADE A TRAILING STOP
SO I ENTER WITH 2 X1 LOT
THE FIRST LOTR I WILL CUT ATR AROUND 12000 FOR FULL PROFIT AND THE OTHER I WILL PUT A STOP AROUND 12080 AND EVERYTIME IF HE DOWN I WILL ADJUST IT
NAS100- Weekly Review Weekly NASDAQ Pip Review
Monday: +181
Tuesday: -40
Wednesday: +182
Thursday: +260
Friday: +222, -40
Blues: +845
Reds: -80
Total: +765 Profit
Total NAS Trades: 6 Trades
Have a wonderful weekend guys!!!
Thats its guys on nasdaq only 6 trades taken this week. 4 win trade and 2 loss trades which made 765 pips. My stop loss are always 40pip, Loss is so minimal that the wins overpower them any day. And thats how easy trading should be.
NAS100 AnalysisNAS100 Analysis
Hi Guys, So earlier today it broken through the middle of the channel, didn't bounce and come back down. So it went to my first target 11589. If we get a break here im hoping for 11741 which is a strong resistance even on the daily. we may even get a retest of the middle channel line before going to 11741
Nasdaq double topThere mostly likely will not be a stimulus bill before the election. That means we are headed down.
I've shorted the N100, Initial target is .382 retracement but I think we will at least touch the .618 retracement before this is over.
GLHF.
NAS100- Weekly review and a quick overview- MUST READWeekly Pip Review
Monday: +89, +114. -40
Tuesday: +136, +101
Wednesday: +161, +136
Thursday: +90, -40
Friday: +82, -40
Blues: +909
Reds: -120
Total: +789 Profit
Total NAS Trades: 11 Trades
Hi guys Hope you all had a good trading week. Trading is all about having a plan and trying to execute it. A beautiful quote comes into my mind "A fool with a plan can beat a genius with no plan". If you learn to plan your days and follow good risk mangement strategy then you will only trades opportunities and not get into revenge trading, rush trading, blind trading etc. All my trades are well planned. I dont get 100% win ever but my losses are all controlled max 40 pips. Those who learn from me know i always recommend max 40-50pip stop. And thats how you become a winner, by protecting your capital. If you take 10 trades then you should aim to win 7 of them. you should not lose 9 trades out of 10.
NAS100 AnalysisNas100 is currently around the 11333 zone. A break here alongside a break of the trend line we can see more bears come through, taking us to anywhere between 11172- 10743. However if it fails to break 11333 and the trend line then we can see the bulls back upto 11544 to try break it again. 11544 has been tested many times now which has become very weak so next time it goes up we can expect a break.