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MNQ1! trade ideas

MNQ1! Weekly Analysis Disclaimer: I trade ICT and use ICT terminology in my analysis. Nothing in the market is certain; this is my take on the most probable outcome. This is not financial advice. Midterm Trend: The price has been trending up since September 9th. I am bullish and think the price is likely to continue up. However, the market had a bearish high resistance close last Friday, which I think will trickle into next week’s opening price action. High Time Frame Analysis: Since we closed below the weekly range’s consequent encroachment, the price will likely reach the nearest sell-side liquidity early next week, forming a Tuesday or Wednesday Low Buy Profile. Discount Price Delivery Arrays: Wednesday PM session low Tuesday AM session low A daily bullish orderblock formed on September 20th; the consequent encroachment of the wick formed that day is within 10 points of the Tuesday AM Session low. Note: The price respects the New Week Open Gap (no candle bodies above the 1-hour time frame have closed below it). For this reason, I think it is less likely that the price will be delivered to the Tuesday session low and consequent 9/20/24 Daily wick encroachment. However, it is still a possibility that should be considered. Premium Price Delivery Arrays: Buy-side liquidity 7/17/24 AM Session High 7/17/24 Sell-side imbalance, buy-side inefficiency. (If the price can close above the 7/17/24 AM Session High, the price will likely shoot to the 7/16/24 AM Session High). Buy-side liquidity 7/16/24 AM Session High Note: These premium arrays are most likely to be targeted by the market makers. However, this analysis could take longer to play out.
CME_MINI:MNQ1!Long
by Hananis144
1
Shorting the Monster Wick! Fridays trade NQZ20241) Price opens and runs right through Thursdays previous settlement price. and then breaks down. 2) London Session once again gives us the sellside to focus on in two areas. 3) 9:30 open creats the opening range gap. This gap is very small. inside of this first 30 mins of price action price spends too much time in inefficiences and does not respect and PD arrays, no presiccion. At 10:03 there is a price spike that leaves a small portion of the opening range gap open. This is where i found my High risk short. Low position size. since there is such high resistance and the week has been bullish with a large upward range. 4) Take my exit as price hits the first area of Sellside liquidity. Holding this trade would have resulted in a better outcome but because of the back and forth in price I got out and stayed out. This is not trade advice just for my own personal studying and journaling.
CME_MINI:NQZ2024Short
by ken_trades_ICT
NQZ2024 Thursday's easy trade.1) Price is continuing the rally is experienced in the Asia session into the London session. Creating new higher highs and surpassing them. Pressing into an Old Daily FVG from August. Notice how the price failed to reach the Midpoint of this FVG. 2) 9:30 opening and we have a very large premium New day opening gap. very large. almost immediately price looks to fill in this area. there is a 1 min FVG shortly after the 9:30 opening that offers a wonderful entry. and it's in the upper region of the opening Gap. 3) the position was closed as the price reached the end of the gap which aligned with Wednesday's previous selltemt price. Making for a very clean trade with no drawdown. Not trade advice this is for my own studying and journaling.
CME_MINI:NQZ2024Short
by ken_trades_ICT
Hump Day (Wednesday am session Focus) NQZ20241) 12:00 am price opens. Jumps around in a small range and fails to break higher for buyside so it reverses to sell side. 2) London session creates the low of the day and the resting sellside. stopping just shy of Mondays settlement price. 3) 9:30 opens lower than previous day settlement price and with velocity fills in the opening range gap. Price does return to the gap almost filling it in but leaves a small section open. this is where I found my first entry as price is showing a desire to move higher. 4) exit taken as price shows signs of slowing down its upwards movement. (1min timeframe) What a day! this is not trade advice just for my own person studying and journaling.
CME_MINI:NQZ2024Long
by ken_trades_ICT
Tuesday Surf Session (NQZ2024)1) Price opens at 12:00 am and immediately starts seeking out the resting buyside liquidity from yesterday. 2) After a Successful liquidity run in London Session price drops back down touching the Previous day settlement price. 3) After 8:30 market open price tries to continue higher but fails to reach the new Buyside. We now have created the Opening range gap for the day. With haste, price fills in the gap and reaches down to the resting untouched sell side from the previous day. Blowing through all targets along the way(Previous settlement price and NWOG.) 4) A Market Structure shift can be found at the low on lower timeframes. entering in on a one minute FVG 5) riding the price move till just before NY lunch session. This is not trade advice just for my own studying and journaling.
CME_MINI:NQZ2024
by ken_trades_ICT
SEEK & DESTROY (Mondays Price Action) NQZ20241) Price at 12:00 am fails to take Buyside and breaks down lower over the London session and creates the low of the day. 2) We have the NWOG below price and have 9:30 open creating the opening range gap for the day. It is at this point in time the seek and destroy starts. Price jumps around, failing to take any real buy side or sell side out of the market. Price does not fill in the opening range gap, It does not deliver clean price action on and PD arrays. It spends way too much time in areas collecting everyone's stops without delivering higher or lower. 3) This is a day I should not have traded. I did trade in this mess and I got wrecked. This day I paid the tuition premium to the market. I learned my lesson and will avoid trading in these types of rough seas. This was a day I would use for studying and journaling. No trade advice can be made from this.
CME_MINI:NQZ2024
by ken_trades_ICT
The Calm Before the Storm: NASDAQ - $NQ1 Ready to Rally!CME_MINI:NQ1! Clear price action similar to the lows in January and April before further continuation. Both scenarios printed expansion bars on the weekly, and we’re witnessing something quite similar with current prices. It’s up to you to see it for yourself, but things look bullish for now, and bidding at $19,600 makes sense. The idea invalidates a bit lower, as usual, but there's enough room to form another higher low. Keep in mind that it broke the bearish market structure and made a HL after that. It would be risky to short when we're still above the point of control (POC). In short: buying the retest of the POC and remaining bullish as long as the trend line is respected. Aiming for all-time highs and beyond
CME_MINI:NQ1!Long
by ZelfTrade
NQ Power Range Report with FIB Ext - 9/27/2024 SessionCME_MINI:NQZ2024 - PR High: 20381.75 - PR Low: 20343.50 - NZ Spread: 85.5 Key schedule economic event 08:30 | Core PCE Price Index (MoM/YoY) Daily print advertising potential rollover below 20200 Session Open Stats (As of 12:55 AM 9/27) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 338.01 - Volume: 26K - Open Int: 236K - Trend Grade: Bull - From BA ATH: -3.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Short
by mv3trader5
Tricky Spot Thursday's candle closed above the prior day's high, reaching the weekly SIBI, overnight in the Asian session the price rallied, consolidated in London, and Reversed In the NY Session 4hr market structure is still bullish but at the top of the range creating a bearish reversal with high volume that created a bearish SIBI retesting value area high or the 4hr trading range/4hr Fixed Volume profile the 4hr bullish bars that traded away from POC showed an increase in volume but the bearish volume was higher m15 has two potential areas from long at 20,271.00 or at 20,140.00 but I'm being mindful of the 20,406.00 to 20,362.00 level that can act as resistance causing longs to get squeezed out of their positions I will review what happens overnight Since NQ is typically correlated with ES I will monitor both for direction confirmation and divergences and convergences
CME_MINI:NQ1!
by martiedirect
Nasdaq - 80% Probability Higher - GTP Reasons for Target (21,325) Being Hit: Strong Uptrend: The market is clearly forming higher highs and higher lows, indicating strong bullish momentum. Momentum: Buyers are currently in control of the market, with price action continuing to push higher. Interest Rate Expectations: Fed estimates of 2 more drops before Xmas which will provide further support for tech stocks and indices like Nasdaq. Risks/Barriers to the Target: Resistance at 20,750: A key resistance level could prevent the price from advancing quickly. Consolidation or a pullback might happen here. Macroeconomic News: Unexpected news (like inflation data or Fed comments) could cause short-term volatility, impacting the trend. Probability of Hitting 21,325: Estimated Probability: 80/100 This high probability assumes continued market momentum, favorable macroeconomic conditions, and successful breaks of nearby resistance levels.
CME_MINI:NQ1!Long
by NZ_Shareman
2024-09-25 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. tl;dr Indexes - Yesterday I promised you the breakout on Thursday and boi did we get one today. Problem for the bulls is, that they could not trap bears and they also could not close at the highs. That means, that the directional probability up or down is once again 50/50 (neutral). Most bull channels and wedges are still valid but if bears would have given up, we would not have seen 50-75% retracements of the leg up. Still bullish until bears print lower lows. nasdaq e-mini futures comment : Current narrative is that hedge funds are continuing to sell tech. You don’t need to know that. You can see it on the chart. The bear gap got smaller but is still open while other markets making daily new ath. Given the current overall market environment, I doubt bears can keep this selling up and market below 20600. Bulls printed the 4th consecutive daily bull bar. At some point one side will give up and I heavily favor the bulls. Bulls had the strong Globex bull breakout but the selling spike from the US open was unexpected and a big surprise in strength. Bulls pulled back exactly to the 50% retracement afterwards. Key level for more upside or more downside. current market cycle: Most dominant pattern is the broad bull channel and the nested bull wedge with the August and September lows. key levels: 20000 - 21600 bull case: Bulls want the retest of 21215 and have all the arguments on their side, once they close the bear gap to 20670. We are in W3 of this current bull trend and the measured move from W1 is around 21000. If you only look at the daily chart, do you honestly go “I want to sell this”. Ofc not. You want to get long. Only below 20000 many bulls will begin to doubt the strength of this move up. Invalidation is below 20000. bear case: Bear gap is the last argument for the bears but it’s so weak, I expect a give up bar tomorrow to close this week max bullish and have a clear buy signal going into next week. Not saying bears can not have a miracle reversal like they did on 2024-07-11 or 2024-08-22. Invalidation is above 19670. short term: Max bullish if we stay above 20000. Targets above are 19700 and then 21000/21215. medium-long term: Outlook was wrong. Bulls are currently having another shot at retesting the peak bubble highs to make another one. If we get there, it could be the short of a decade opportunity. current swing trade: Nope trade of the day : Long during Globex obviously where market held above the 5m 20ema for 270 points. Selling the US open was obviously the best trade but difficult imo. Market rallied so hard, that strong of a reversal is not common.
CME_MINI:MNQ1!Long
by priceactiontds
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CME_MINI:MNQ1!Short
by Pajo_trading