NQ longLooking for longs below the relative equal lows expecting higher prices since we got so close to those old highs would expect to see price reach for those before moving lower.
UNF1! trade ideas
NQ Power Range Report with FIB Ext - 9/16/2024 SessionCME_MINI:NQU2024
- PR High: 19526.50
- PR Low: 19479.00
- NZ Spread: 106.0
No key scheduled economic events
Holding inside Friday's close range
- Advertising potential daily rotation below 19400
Session Open Stats (As of 10:55 PM 9/15)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 386.19
- Volume: 13K
- Open Int: 199K
- Trend Grade: Bull
- From BA ATH: -6.9% (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
Friday was a little tricky with those giant wicks! NQU20241)12:00 am price traded around the previous day settlement price.
2) London session swept the previous day high and price started booking lower. not passing the swing high till after 9:30
3) 9:30 opens and finishes the sweep of the sell side liquidity and then rallies higher.
4) a short term buyside liquidity was created, then at 10:25 price pierces this level and drops lower. stabbing back into the NDOG.
5) After this drop, another market maker model can be found at the 15 sec. chart. pushing price back above the most recent highs.
6) this is where I would have exited the long position. as price starts consolodating.
Thursday Slaughter NQU2024 and Rally.1) 12:00 am price moves higher and establishes Short term buyside in the london session.
2) 8:30 price moved lower and took out the most recent swing low. Aiming for the short term sell side.
3) NDOG was very small and price was moving back and forth taking out any profitable trades. Buyside was taken, a short could be entered in the FVG created at 10:35. Targeting the NDOG High.
4) Position exited and delivered perfectely.
5)There was another raid on Buyside @11:13 that fell immediately and created another FVG, entry is on the small retracement into the FVG, targeting the Ndog as Short term sell side has already been depleted.
6) Price did not continue moving lower and set up a market maker model that moves with the daily range much higher.
This is just my interpretation of the market and not trading advice.
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.
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.
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.
MMBM Using Fractal ConsolidationsFractal consolidations MMBM we can see how price is gravitating towards multiple HRLR (red boxes) and will probably find some sort of resistance around these levels
Friday analysisToday we don't have high impact news that can affect our market. I am waiting for sellside liquidity to pick up and then I will look for a buy entry. It's Friday. Be careful, the market can fool us. It's recommended that Monday and Friday we don't trade, but I hope we get lucky
20240913 NQPrice is meandering around MNO. It is very nice consolidation. I anticipate some SandD PA with ss raid of LRS ss and move to the upside before the HI news at 10am or around that time. => after bs raid is in place I anticipate downside reversal within TGIF narrative.
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.
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
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.
Nasdaq if fell from here, won’t stop easily Hello everyone! I am giving nasdaq last chance to make new bearish leg, we should wait for market structure shift in order to enter sell. Watch closely
Core PPI m/mTurns out that after I had Core PPI at 08:30, I got sellside liquidity. We have patience to see what happens. Today I tend to bullish as we are bullish. But I will keep you updated if anything changes.
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
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
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.
NQ Analysis by Ray, he is 8 years old - 19180 HIT, Next 19700NQ Futures - Ray posted yesterday his targets, 19180 was pierced today! Ray does all charts himself and demo trade... His next target is 19700 liquidity pool. He give all credit to his mentor ICT who he has been following on YT since 2 years.
