Trade Execution Setup Aug 4I have possibly captured all inputs for the trades taken. Please feel free to comment for any clarifications/suggestions.
1 & 2 in chart indicates 2 trading opportunities with their analysis.
Trade Opportunity 1 -
The market gap-up happened. so as per the trade plan, I was looking to short at the marked levels in the Trade Plan, but as there was no entry signal as per my trade setup, I ignored, and waited.
Observed a beautiful price compression breakout. Entered an ATM strike price at the compression breakout, but small SL was taken as the price did not move as expected.
Waited for the next trade opportunity.
Trade Opportunity 2 -
The market showed continuous signs of fatigue which were evident through the price action in 15 min,5 min, and 75 min.
1)15 min Candles were all Hammers, Shooting stars for about 1H+.
2)75 min showed rejection at 50% Fib level of Previous swing high. 5 min TF
3) 5 min showed a triple top sort of formation.
Hence eyed a PE ATM strike and entered a quick scalp based on 1 min Price compression/Triangle pattern breakout, 1:1.5 RR.
So was able to end the day at 5% ROI.
Indextrading
Key Levels and US Market Review for the Asian session open 3/08US and European markets came under fire and took a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an extended share market, we could see this move down gather some momentum especially if US employment does not come out positive on Friday.
Expecting a weak open in Asia with the ASX200 to open down 60 pts, the Nikkei to open down over 300 pts and Hang Seng to open down 130 pts.
Traders will be keeping an eye on coming employment data in the US Friday and whether the negative sentiment over the US credit downgrade gathers momentum.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
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QQQ Recovering from a Pullback LONGQQQ had a bad day yesterday reacting to adverse financial news with a deep
correction as technology stocks were hit the hardest. On the 15 minute chart,
price dropped to the bottom outer band in the double BB indicator and then
reversed and heading inside both bands and then gapped up in the open of the
premarket session. The dual RSI indicator shows the lower time frame line in
green crossing over the higher time frame red line. I conclude that price could
run up to 385 especially if it can cross the middle band at 380.
Key Levels and US Market Review for the Asian session open 28/07US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of stocks. I expect that there was a lot of profit taken which may continue into the coming US session. I expect Europe will open weaker, especially the DAX, as it plays catchup with the US led selloff.
Expecting a weak open in Asia with the ASX200 to open up 40 pts, the Nikkei to open down 380 pts and Hang Seng to open down 320 pts.
Traders will be keeping an eye on coming economic data and the BOJ press conference today for some direction on Bond yields and in turn share markets.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Is QQQ ready to continue after a minor pullback?On the 4H chart, QQQ has been in a trend up for the entirety of this year
reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting
a decent uptrend over the prior week. On the Relative Trend Index,
while the signal is below the mean line, there is all the more upside
and the overall trend is positive. The dual time frame RSI shows weekly
RS high and steady over 80 while the lower time frame of 3H as the blue
line fluctuating between support at the 50 level and 80 and presently
a 50 in the pullbck. I analyse QQQ as ready to continue its overall
trend up. I will take out additional call options for a strike of $385
to expire on August 18. Over the past day this option gained 33% and
had a bid/ask spread of about 1%. I will set a stop-loss of 10% while
anticipating a profit of 150%. Once hitting the anticipated profit before
the expiration date I will take one-half of the contracts off the table
and close the rest 1-2 days before expiration.
Key Levels and US Market Review for the Asian session open 24/07US markets had a quiet session Friday to follow on from an uneventful European session. Traders are focused on the US earning session so I expect to see support in the near term. I feel that the markets are generally extended and traders will be in a holding pattern ahead of results from big tech next week. Defensive stocks were favoured on Friday which, for me, points to a potential risk off move as traders lock in some recent gains.
Expecting a stronger open in Asia with the ASX200 to open up 30 pts, the Nikkei to open up 330 pts and Hang Seng to open up 100 pts.
Traders will be keeping an eye on inflationary data (Aus CPI out tomorrow) for signs that inflation is still easing. Whether that translates into lessening pressure on the wallet and the cost of living, will take some time to play out.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
DAX: Supported by the 1D MA50, ready for a slingshot.DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order for us to buy again, we need to see a breakout over both tops.
If that happens, then there are high probabilities of the move replicating the slingshot of April-May as they both broke out after an Inverse Head and Shoulders was formed. Consequently we will buy that breakout and set a TP = 16,800.
It's worth mentioning that a crossing over the R1 invalidates the potential of a Head and Shoulders (bearish pattern) that may be forming since May 19th.
Prior idea:
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ASX200 Review...Where to from here?A look at the price action for the Australian ASX200 Index.
The recent price action has been very choppy and directionless leaving both bulls and bears scratching their heads. I expect that this uncertain theme will continue in the short term with the mid to longer term action largely range bound.
In the short term, I expect to see a swing lower and if recent price action is any indication, we will see the recent low taken out. This suggests a 4% move lower from current levels around 7260.
If we see the Global macro environment deteriorate, I expect to see share prices across the board come under pressure.
Bulls come out to play...Review of Daily charts for key IndexesWith US CPI pointing to inflation easing, bulls are pushing major Indexes higher with the love affair with Tech and the Nasdaq being the standout.
In the video I look at the major Indexes across the US, Europe and Asia on the daily timeframes and discuss the key levels and price action I see playing out.
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Daytrade Review on the Hang Seng IndexI small trade today on the Hang Seng Index that turned out to be quick and simple with little to no pressure from the entry. Could have been a better exit but all up it was a good start to the day.
I will explain the price action for the Entry and the reasoning for the trade coming into the start of the session.
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Key Levels and US Market Review for the Asian session open 13/07US markets gapped up on buyers enthusiasm after a weaker than expected CPI release that signals inflation is easing more than expected. US Bond yields fell while the USD was sent lower also which I expect is the big story from overnight. I feel that the USD will find more weakness in the near term but will not be without a bounce here and there. Gold and Silver found some strength while Copper also had a good night.
Expecting a stronger open in Asia with the ASX200 to open up 50 pts, the Nikkei to open up 130 pts and Hang Seng to open up 300/330 pts also.
The CPI release was key as it points to a potential end to interest rate rises and the end of the cycle. Now markets may start to focus on US earnings and then potentially a global contraction and rate cuts....but I would expect the coming months to be buoyant if CPI continues to show easing.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Nasdaq: Price levels and price pattern analysis Today's focus: Nasdaq /NDX100
Pattern – Ascending Triangle
Possible targets – 15,600, 16,500
Support – 15,000
Resistance – 15,220, 15,250
Today we are looking at the Nasdaq/NDX100 as price sits in a continuation pattern just below key resistance. This is an interesting set-up as we have key US inflation data coming out today, and interest rates remain a hottish topic. We have broken down the price action and pattern in today’s video and how this connects to the CPI data.
There’s no guarantee that a drop will drive buyers onward, but it could also be a driver that continues buyer momentum and could set up a new test and break of the pattern. We will be watching the core figure as it’s been the most stubborn of the three. Y/Y is expected to drop to 3.1% and the Core to 0.3%.
The CPI data is due at 8:30 am ET / 10:30 pm AEST.
Have a great day and good trading.
Key Levels and US Market Review for the Asian session open 11/07US markets had a good start to the new week ending with some gains ahead of the all important CPI later in the week. All eyes will be on the data release for a gauge on inflation and what that will mean to further rate rises in the US. US bond yields moved lower while the USD also pushed down into support which is likely traders squaring up positions ahead of CPI. If the release comes out stronger than expected and inflation continues to show signs of being 'sticky' then expect more pressure into the stock market.
Expecting a stronger open in Asia with the ASX200 to open up 40 pts, the Nikkei to open up 140 pts and Hang Seng to open up 140 pts also.
Traders are focused on the end of the interest rate rising cycle in the US which also means a slowing economy bringing about mixed reactions from traders. The Ponzi scheme that is the US debt ceiling may start to be of more concern if the economy slows and GDP contracts.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 5/07US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising will no doubt see margins increase and inflation go up). With the FOMC minutes out tonight, it will be interesting to see if there is an indication of a similar scenario in the US which will will point to a pause in rate hikes also.
Expecting a mixed open to the Asian session with the ASX200 to open flat, the Nikkei to open slightly lower along with the Hang Seng.
Traders are focused on the end of the interest rate rising cycle in the US which also means a slowing economy bringing about mixed reactions from traders. The Ponzi scheme that is the US debt ceiling may start to be of more concern if GDP contracts and the global economy slows.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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NIFTY ASCENDING TRIANGLE - 04/07/2023NIFTY50 Formed ASCENDING TRIANGLE PATTERN
BUY ABOVE - 19330
SL - 19290
TARGETS - 19400,19470,19540
SELL BELOW - 19290
SL - 19330
TARGETS - 19250,19200,19160
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
HAPPY TRADING GUYS
20 Reasons For Sell DXY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block.
2:📆Monthly: Currently, there is a clear bullish trend, but there is a visible consolidation (choch) on the monthly timeframe. A high volume candle at the top is followed by an inside doji and a fall in price. The price has been consolidating for the past 5 months, but there is potential for further downside towards the recent order block around 98.00, which can be a profit booking area.
3:📅Weekly: The price has confirmed a valid high and formed an internal consolidation (choch), but the low is yet to be confirmed. Based on the bigger picture, we anticipate further downside moves until the 100 area. We should hold our sell positions until the price taps the order block area at 100. A corrective move is expected once it reaches that level.
4:🕛Daily: The daily timeframe shows a bearish structure with potential for further lows. The last low is still protected, but given the bearish trend, there is a high chance that bears can push the price towards the 100 level during the current impulsive move.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: A window (gap) is present, which can act as a Continuation In Pattern (CIP). Additionally, a descending triangle is putting downward pressure on the price.
7: 3 Volume: Volume increases during bearish moves, indicating more selling pressure. Until the market gives a clear signal, it is not advisable to consider buying at any level.
8: 4 Momentum UNCONVENTIONAL Rsi: The market has lost momentum, but it is not yet strongly in favor of the bears. A strong rejection at the window area or resistance at the 60 level is needed for price confirmation.
9: 5 Volatility measure Bollinger bands: After a big volatile move, the price needs to calm down and may enter a period of consolidation or make a minor correction towards the 20-day moving average before continuing its downside move towards the target.
10: 6 Strength ADX: The ADX indicates a sideways trend at this point.
11: 7 Sentiment ROC: There is no strength in the sentiment ROC.
✔️ Entry Time Frame: H1
12: Entry TF Structure: After a strong bearish trend, there is a consolidation (choch) pattern forming. Upon closer observation, the daily window, extreme order block, and structure high coincide at the same point, making it a strong supply area or rejection point. We will place a sell order when a strong signal is formed.
13: Entry Move: The entry move must be impulsive.
14: Support Resistance Base: Daily window, extreme order block, structure high.
15: FIB: Trigger event done based on H1 timeframe.
☑️ Final comments: Open sell entries at the market opening, and if the price goes further up near the window, consider a second sell entry. A third sell entry can be placed if the market creates an internal Breakout-Sell (BOS) signal.
16: 💡Decision: Sell
17: 🚀Entry: Sell between 102.885 and 102.2
18: ✋Stop Loss: 103.175
19: 🎯Take Profit: 1st target at 100.5, 2nd target at 99.5
20: 😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 10 days
Key Levels and US Market Review for the Asian session open 29/05European and US Indexes bounced into the weekend setting up for a strong open for the Asian session. Some debt ceiling optimism and stronger than expected economic data helped bulls squeeze out recent sellers for the drive higher. The data showed strength in inflation and the US consumer which points to a resilient economy...but it also points to sticky inflation and more interest rates rises to come.
Expecting a very strong open to the Asian session with the ASX200 set to open up 70 points, the Nikkei is very extended and is set to open up 650 points while the Hang Seng has some catch up to do and open up stronger off support.
I expect that there remains major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out but potentially later rather than sooner which will put more pressure on the economy.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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Key Levels and US Market Review for the Asian session open 25/05A continued debt ceiling standoff pressured share market Indexes lower overnight as more traders were happy to lock in some gains. Indexes pushed down into support levels as traders went risk off. The UK inflationary numbers came out higher than expected pointing to more interest rate rises from the BOE. The US open was weak and bulls found no love from the FOMC statement which continued to re-iterate focus on coming data which will determine whether there are further rate rises or not. Bond markets continued to factor in higher interest rates in the pipeline as yields moved higher.
Expecting weaker open in Asian markets with the ASX200 expected to start down 30 points and the Hang Seng expected to open down 500 while the Nikkei to open mildly lower down 80 points.
I expect that there is major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out. But if the economy cools while inflation remains elevated, then it is difficult to cut rates to stimulate growth...we will see how things play out soon I suspect.
KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
** If you like the free content then follow my profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated. **
Key Levels and US Market Review for the Asian session open 24/05Major indexes go into risk off mode as traders get nervous over the US debt ceiling deadlock. Economic news also weighed on share markets as numbers came out in line or, in some cases, stronger than expected which translates into 'sticky inflation' and further potential interest rates rises. US bond yields edged lower after pressuring higher for the past few weeks but remain in a uptrend.
Expecting weaker open in Asian markets with the ASX200 expected to start down 37 points while the Hang Seng expected to open down 130 and the Nikkei to open down 170.
I expect that there is major concerns over the US economic slowdown brewing, and how the US is going to fund its debt with GDP easing. Longer term trends are for interest rates to level out. But if the economy cools while inflation remains elevated, then it is difficult to cut rates to stimulate growth...we will see how things play out soon I suspect.
KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Review of KEY DAILY LEVELS on major Indexes and CommoditiesMajor indexes continue to show resilience to inflation and rate rises as many have pushed up into new all time highs. Traders have been faced with many ups and downs making investing difficult and share positions constantly flow from gains to losses and back again.
We always need to focus and review the bigger picture timeframes to build into our overall trading plan or simply to gain a clearer perspective. So, as we wait for more news on the US debt ceiling, it is a good time to review our Daily charts to build that picture.
In the video below I will review my take on the key technical levels on major Indexes along with my major commodities.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper