Nasdaq Intraday Review - Wednesday 10 July 2024
I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None
Directional bias - BUY
So yesterday I opened 4 x positions at about the "bang" emoji.
Refer to yesterday's post to understand those entries.
Last night I had secured all positions at entry and went to sleep hoping for the best. Early morning bulls pushed price nice and high by the time I woke up.
I closed my 1st position at Exit 1:
Bears pushed down strongly at the 0.618 sell fib level (sell fib level marked in red and fib drawn from swing high at B. to swing low at C.)
A DT formed on the 1H TF (marked with green lines) which is a high and strong timeframe.
So we have a 1H DT right on the sell 0.618 fib level, PLUS the red candle right above the words "Exit 1" actually broke the neckline of the DT down.
So I had to secure some profit at this point and closed 1 out of 4 positions at about 530 pips.
Happy with this exit.
At Exit 2 I closed another position.
Mainly because if at D. price continued to go down, D. would have been the second top of a 4H DT.
Not super thrilled with this one, I think I could have been more aggressive here and stayed in the game, especially as I had already taken some profit.
But the strong bear candle on the 1H TF came down hard and I suspected a DT may be forming.
But it is what it is - 878 pips ain't so bad after all.
At Exit 3, I closed my third position.
Happy with this exit, it was TP1 on the Day fib extension - fib drawn on the D TF but swing low and swing high shown on the 4H TF as A. and B.
This exit was 2'400 pips in the profit.
Still have my 4th position running and will be super aggressive with this one and hope CPI and PPI goes in my favour and I bang out the big bucks.
Alternatively, happy to have this position close at entry.
You gotta risk some to win big and I already have my profit bagged.
Hope you benefited from the massive buy today!
See ya tomorrow for CPI!
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None
Directional bias - BUY
So yesterday I opened 4 x positions at about the "bang" emoji.
Refer to yesterday's post to understand those entries.
Last night I had secured all positions at entry and went to sleep hoping for the best. Early morning bulls pushed price nice and high by the time I woke up.
I closed my 1st position at Exit 1:
Bears pushed down strongly at the 0.618 sell fib level (sell fib level marked in red and fib drawn from swing high at B. to swing low at C.)
A DT formed on the 1H TF (marked with green lines) which is a high and strong timeframe.
So we have a 1H DT right on the sell 0.618 fib level, PLUS the red candle right above the words "Exit 1" actually broke the neckline of the DT down.
So I had to secure some profit at this point and closed 1 out of 4 positions at about 530 pips.
Happy with this exit.
At Exit 2 I closed another position.
Mainly because if at D. price continued to go down, D. would have been the second top of a 4H DT.
Not super thrilled with this one, I think I could have been more aggressive here and stayed in the game, especially as I had already taken some profit.
But the strong bear candle on the 1H TF came down hard and I suspected a DT may be forming.
But it is what it is - 878 pips ain't so bad after all.
At Exit 3, I closed my third position.
Happy with this exit, it was TP1 on the Day fib extension - fib drawn on the D TF but swing low and swing high shown on the 4H TF as A. and B.
This exit was 2'400 pips in the profit.
Still have my 4th position running and will be super aggressive with this one and hope CPI and PPI goes in my favour and I bang out the big bucks.
Alternatively, happy to have this position close at entry.
You gotta risk some to win big and I already have my profit bagged.
Hope you benefited from the massive buy today!
See ya tomorrow for CPI!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.