MNQ1! trade ideas
NQ Power Range Report with FIB Ext - 9/30/2024 SessionCME_MINI:NQZ2024
- PR High: 20245.25
- PR Low: 20158.00
- NZ Spread: 195.25
Key scheduled economic events
09:45 | Chicago PMI
13:55 | Fed Chair Powell Speaks
Holding advertisement for potential rotation below 20200
Session Open Stats (As of 12:35 AM 9/30)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 331.40
- Volume: 30K
- Open Int: 234K
- Trend Grade: Bull
- From BA ATH: -3.7% (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
Let The Price Develop Daily: Last week, the price extended higher until Thursday staying in the daily higher high range
Friday's price closed lower potentially starting a corrective phase this week
4hr: The 4hr trading range is still bullish but has now started the corrective phase back into the 4hr volume profile POC, There is a bullish imbalance sitting around the 20,138.00 area that could act as potential support, but we would need confirmations for longs
m15: Since the 4hr is in correction, the m15 is bearish, and we can see potential short-term selling. I will be watching 20,255.00 to 20,221.00 levels for shorts.
Of Course, let the price develop overnight before the NY session when I will update to see if anything has changed.
Since NQ and ES move in the same direction I will be monitoring for divergence or convergence between the two
R2F Weekly Analysis - 30th September 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
- R2F
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.
Nasdaq (NQZ2024) - Not Following The Script I like to see ES, NQ and YM aligned. Right now, it's just not the case. Awaiting more data.
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.
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.
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.
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.
Nasdaq Down then Up New all time high incominghello guys this is my trade idea on the nasdaq NQ! / us100 i am looking for a down side movement first to create the low of the month then we are going up please share with me your thoughts
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.
NQ -First Week of October 2024Overall bullish on NQ. However if we get a daily close below friday's low coupled with a 4H MSS, my attention then moves to 20 Day IPDA EQ before continuation higher.
NQ for 9/30This is my NQ analysis for the week of 9/29
Price has just recently made a higher high; we are currently bouncing off a trend line and 0% level of the fib for the most recent high and low. The most relevant high and low shows levels that price may continue down to, after pulling back at the current level. There is a gap between the 0.62 and 0.50 level that needs to be filled. Price is below consolidation and only a few points away from an average price level.
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
NQ 4hr Review from yesterday9.27.24 7:30 am 4hr chart observations. Price tapped the 4hr orderblock that has been there since July, for a quick rejection yesterday. Lower resistance was the top of the previous range/ mother bar/double top from 9.19.24. Current range between 20,436 and 20,190. Orderblock still open above. Possible Rangebound day, possible bullish to retest orderblock.
20240927 NQI anticipate more upside during the opening range and reversal to the downside during AMS SB from 10 till 11am. PA has room for the upside but I would like to see SandD PA today with new LOD at the end of the day with ss raid.
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
BEARISH PO3Daily bearish PO3
Manipulation higher back in premium
-H1 FVG / IFVG / OTE
Above midnight and NDOG
Daily wick C.E should hold
Before huge distribution downside
Target midnight / NDOG and Sellside below
NWOG as DOL
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
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.
