Level for trading Wed 04/25/2018What a day we had on Tuesday, we knew markets were weak but this was some fast action to the downside, we had one trade to the downside from YC and PP to YL, after today's we may have a little retracement, but markets are very weak.
As always plan your trade and trade your plan
KRS
Nq_f
Level for trading Tue 04/24/2018As we said yesterday there still was some downside potential, we had some orders at YH but price never reached our levels, but we had a small trade off the PP to YC, and there was a nice long trade from S1 but we missed the entry. Moving forward, the market still weak, but we have a divergence in the 1H chart and that might push the market a little higher. As always plan your trade and trade your plan.
Levels fro trading Fri 04/20/2018There was some early pressure to the downside in the NQ on thursday, we were able to get a couple of long trades, they both hit the first targets, but there was not enough momentum to bring them to the second target. We'll keep an eye on overnight trading, but i think there still room for longs.
You can check our trades in our last post in the comment section.
Plan your trade, and trade your plan.
Levels for trading on Thu 04/19/2018Hello guys, as we were expecting, the market pullback a little bit after the opening, giving us the perfect entry at Pivot Point. i would expect more of the same (buy dips) unless something crazy happens overnight.
Check yesterday's post and scroll down to the comments to see our trades for Wednesday.
Plan your trade, trade your plan.
BTCUSD & Nasdaq Correlation ($QQQ)I guess it makes sense in some ways, but BitCoin being the currency that it is shouldn't really have such a trend correlation with the Nasdaq 100/$QQQ/$NDX
Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the $NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of the more obvious high and low synch-ups, but
I tried this out Friday, in terms of trading BitCoin based on how $NQ_F (the Nasdaq Futures) were performing and it yielded some great results. I'm going to continue trying this out and will post again if I see a break in the correlation.
Cheers and comments always welcome!
Momentum Names Leading Nasdaq100 ToppingNQ sits above long term channel resistance, and is likely to fall back into the channel this week given the pressure on NQ's weekly RSI, Stochastics and MACD which are rolling over from recent tops. High momentum names like Netflix (NFLX) and Tesla (TSLA) continue leading the topping process on NQ, anticipating the end of US QE in October. Visit goo.gl for today's technical analysis on $VIX_F, $NQ_F, $NFLX, $TSLA, $ES_F, $ZC_F, $NG_F, $CT_F, $USDX, $USDJPY, $EURUSD, $EURCHF
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