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Micro E-mini Nasdaq-100 Index Futures

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MNQ1! trade ideas

Big News day! Wednesday 09/11/24 NQU2024 (CPI)1) 12:00 am price stays pretty consistanly range bound before the 8:30 CPI news event. Not really taking out any PD arrays. 2)8:30 News event happens with a huge manipulation candle taking out any profitable traders at the time. 3) Price then Rallies higher, Taking out the previous day high and creating the NDOG. Price then moves swiftly filling in this gap. After gap has been filled and previous day high was taken, I would have shorted targeting the previous days low. 4) After the liquidity has been swept, I would start looking for longs as the rest of the market is looking for the price to continue lower. 5) I would have been able to ride this last trade out to just before the close of the day.
CME_MINI:NQU2024
by ken_trades_ICT
Tuesdays Chop were some rough seas. NQU2024 review.1)12:00 am Price consolodated around the NWOG High from Previous day. Establishing the Sellside Liquidity. 2)London Session Failed to take out Resting Buyside Liquidity, indicating current weakness and short term sell side was taken. 3) After Sell Side was swept, price rebounded befor the 8:30 market open, creating a large NDOG. 4)9:30 Opened Swifty and set up some more resting buyside before dipping into the NDOG. It rallied out of the Gap but failed to take liquidity. this implied to me that the NDOg was going to be filled in completely. 5) Afterprice failed to pass the 9:30 high a short would be entered. this example I targeted the first FVG below the NDOG which lined up with previous short term buyside. 6) Something to note is the same set up happened just before NY lunch Session. with the two swing high. the second high only surpassed the previous high by .75 cents. (3min time frame) I only trade the morning session. So I unfortunately miss out on most of the big afternoon moves.
CME_MINI:NQU2024Short
by ken_trades_ICT
Riding the wave of mondays Speculation. NQU 2024 1) 12:00 am Price opens. Immediately Moving Higher Towards the 1hour FVG 2)Price makes its first touch into this area and immediately starts Breaking Down. 3) Taking out the Short Term Sell Side Sitting below, and creating a new Swing Low the 8:30 open reverses and goes to retest the 1 Hr FVG. 4) 9:30 open creates the NWOG HIgh and launches price beyond the midpoint of the FVG but did not completely fill it. Price then looks to fill the NWOG taking out the Swing Low at 8:30 and dipping below the 12:00 am Opening price. 5) Price then reverses direction after clearing out liquidity on both sides. A long Position can be assumed by the refusal to seek a lower price in the NWOG and on a one-minute chart a market reversal pattern is present. This is not trading advice just what I saw on the charts.
CME_MINI:NQU2024
by ken_trades_ICT
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time. We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out. Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move. I expect to see the double bottom to be taken out in the upcoming weeks. Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom. You can boost the idea for free if you have a paid plan and if the idea helped you. Thanks for reading I wish you all good and safe trades.
CME_MINI:NQU2024Short
by TradeConfirmed
2
NQ Power Range Report with FIB Ext - 9/13/2024 SessionCME_MINI:NQU2024 - PR High: 19446.00 - PR Low: 19413.25 - NZ Spread: 73.25 No key scheduled economic events Continuing to push auction above daily Keltner average cloud Session Open Stats (As of 1:45 AM 9/13) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 403.49 - Volume: 19K - Open Int: 228K - Trend Grade: Bull - From BA ATH: -7.1% (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:NQU2024Long
by mv3trader5
ES + NQ Fib Retracement ExamplesI don't use fib retracement levels much, but when we get a big move up or down I've found they can be quite useful for determining where a pullback or rally may reverse. We just had a great example of how you can use these retracement levels for practical trading purposes. ES and NQ both sold off in early August before retracing the entire move shortly after. After the recovery and pullback, we had a well established range to use for fib retracement. We can use the low from August and the high from late August before the early September sell off. By default on most platforms like TV, you will have 5 retracement levels. In my experience, I have only found the 38.2%, 50%, and 61.8% levels useful so those are the only ones I put on my charts. We got a perfect 50% retracement on ES before a 200 point bounce, which also coincided with 5400 and other support levels. For NQ, we have a perfect 61.8% retracement, which was also near where the sell off in early August started. There was a lot of reasons to think we may have support in that area, but fibs were a great confirmation on their own. This is another very simple strategy you can use to optimize entries and exits, but you don't want to overuse or overcomplicate these things. You need a big rally or dump like we saw, there needs to be volatility and a solid range established. Once you have that, you can begin to look for fib retracement levels that coincide with your other support and resistance levels.
CME_MINI:NQ1!
by AdvancedPlays
1
NQ Power Range Report with FIB Ext - 9/12/2024 SessionCME_MINI:NQU2024 - PR High: 19249.75 - PR Low: 19226.25 - NZ Spread: 52.5 Key scheduled economic events 08:30 | Initial Jobless Claims - PPI 13:00 | 30-Year Bond Auction Lifting back into daily Keltner average cloud - Finding supply above previous session high - Holding above 19300 Session Open Stats (As of 12:45 AM 9/12) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 414.47 - Volume: 27K - Open Int: 238K - Trend Grade: Bull - From BA ATH: -7.9% (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:NQU2024Long
by mv3trader5
NQ Chart Idea - Swing Long Trade SetupNQ made triple bottom in Oct, Nov and then in Dec 2022. Since Dec 2022, NQ made a diagonal support line which was briefly broken on Aug 5th dump but then closed the week above this support line. In that dump, it made a double bottom at 17350 which is super bullish. 17530 was also a 0.382 fib level which was tested and respected as it didn’t close any candle below that level. I am personally with this PA as well as market fundamentals. Below are just two target prices that I am showing but I will want to ride this trade until 20350 after updating my SL in green. Swing Long Setup Entry: 19000 TP1: 19600 (0.618 fib retracement level) TP2: 19700 (Major resistance) SL: 4Hr candle closing below 19650 RR: 2:1 NOT A FINANCIAL ADVICE! DYOR
CME_MINI:NQ1!Long
by smwajeeh
1
2024-09-11 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. tl;dr Indexes - What a bear trap that was. Many decent double bottoms and then straight up melting. Many markets did not even touch the 3m 20ema on the move up. Bulls took full control again imo and I expect the highs to be retested, if not broken. SP500 the strongest of the ones I trade. Very very low chance of this being a bull trap after a bear trap and we reverse hard tomorrow but at this point of the chop, I won’t rule anything out. nasdaq e-mini futures comment: I try to stick to the only important pattern for me right now. Huge triangle, fits the unclear and erratic direction of the current price action. 19600 will likely be tested again because bulls just bought too strongly today. I’d be surprised if we break above 19700 though. If we do, no reason not to print 20000 or a new ath. current market cycle: trading range - triangle on the daily chart key levels: 18300 - 19800 bull case: Bulls trapped many bears today and printed a nasty reversal. I think most bears already gave up and we are free to trade to at least 19600. Problem with longs is the stop. Right now you would have to do 18600 and that’s just dumb. So should you wait for a pullback? Yes. Invalidation is below 18900. bear case: Do bears have any arguments until 19600? I don’t think so. There is a minor trend line running 19300ish but its weak. The bigger trend line from the ath is more likely and there I expect more resistance from the bears. If bears somehow manage to drop it below 18900 again, market is probably neutral again. Invalidation is above 19300. short term: max bullish for 19600, if bulls come around again tomorrow. Would like to see a pullback to the 1h or at least 15m ema. medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged since 2024-06 current swing trade : Nope. trade of the day: Buying 18600 was profitable since Monday.
CME_MINI:MNQ1!Long
by priceactiontds