US100/NASDAQ GOING UPAfter a long uptrend which we could not wait would stop, seems like yesterday's move set the tone for next days ;
it seems thanks to Trump that it is going up for real in a super bullish trend that wants to break 22K ;
and as BTC just blew 102-103K, we never know what could happen.
More precisely, this seems like a triangle pattern which will either make the price fall hard or keep going up smoothly, which seems more accurate now.
Nasdaq100
QQQ & the market are heading higher! BULL RUN CONTINUATION! NASDAQ:QQQ and the overall markets are heading higher based on our High Five Setup Trading Strategy and what the charts are telling us!
- Ascending triangle breakout_retest_next is higher. This was a tricky one as we broke out and over shot the rest area but we are now back above the breakout area and set for ATH push this upcoming thanksgiving week IMO.
- Dropped down to our support zone and caught a bid as we anticipated due to AVP shelf and the 9ema.
- Williams R% needed that pullback last week, and now we have a retest of support and a bounce higher in our consolidation box. Giving us a strong signal we will build on the week we just had and head towards ATH's once more.
Measure move for the Ascending Triangle is:
$560
Measure Timeframe is:
March2025
For everyone that is calling a TOP across social medias. I say NO SIR! The charts DON'T LIE!
NFA
Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nasdaq Intraday Review - Wednesday 4 Dec 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - ADP Nonfarm Employment Change @13:15
News - None
Directional bias - BUY
Morning analysis:
M TF - very bullish
W TF - very bullish, we are now in all time high territory again
D TF - D candle had closed higher that previous high, testament of the bullish sentiment
4H TF - very bullish, 4H EMA is far down, so if price retraces it could be a long way down before price finds the dynamic support of the 4H EMA
As the day progressed:
Noted a rising wedge pattern form as marked by the blue lines.
Price broke the market pattern upwards and came back down to retest the top line of the pattern.
With price being at an all time high, it could easily be assumed that price will make a huge retracement. In the past, I would have been eagerly ready to place a sell because it's at an all time high and "has to come down"(*). I have lost a lot of money in the past, trying to decide for the market, what it should do.
Looking at this market pattern, the way price broke upwards, re-tested and closed a green candle HIGHER. It seemed to me price wanted to continue upwards.
From years of screen time, I also know that if price is very bullish (like at all time highs) it can continue higher for much longer than one would expect. I have also seen that sometimes, price will continue to push for the previous day's TP's.
So because price was also rejecting the TP1 from the day before and closing higher, I felt that bulls wanted to push for TP2.
I entered a small buy position at the hand icon. Price shot all the way up to TP2.
I closed just before market open at the top hand icon and made a cool 870 pips. I closed because I was "sure" market open would retrace and wanted to lock in my profits.
So even though preaching at (*) in the text above, I was still a victim of this mentality that "price has to come down" :)
But anyway, I am still happy with my trading today. In the long ago past, I probably would have taken a sell just because price "has to come down after all time high".
In the not-so-long-ago past, I probably would have sat out and been too scared to take a buy, even though I saw the signal. But today, I took the signal, albeit with a small position. #progress
So just a reminder, trading is a long and slow game of patience and repetition (or at least for me).
Keep going, keep consistent and you will see progress.
In the beginning your goal should be to survive and live to trade another day. Get in as many hours of screen time as you can...and just keep going.
If I were to advise a beginner, I would say:
1. Learn as much as you can about candles, market patterns and timeframe confluence (use baby pips.com for an excellent free resource)
2. Have 3 x display screens on your desk. On one screen, have the 1H TF displayed, on the second screen, display a split between the 4H TF and the D TF. On the third screen, display a split between the 15min and 30min TF.
3. Stare at your screens for hours and hours a day! Haha! Screen time is the most valuable experience you can get.
4. Don't demo trade for too long. Trading with real money changes the game. So trade with the smallest possible position size available eg. 0.01 and just try to survive to the next day.
5. Start seeing results after a few years (not what everyone wants to hear because trading is "fast, easy money", but that is the truth for the majority of traders)
All the best! :)
Stats:
The total move for the day was 2'000 pips
I captured 870 pips / 44 % of the total move (need to improve)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Intraday Levels for Nasdaq 100 FuturesThis analysis highlights key Support zones for intraday trading, based on the provided chart.
Analysis
The Nasdaq 100 has reached its all-time highs, meaning there are currently no technical resistances above the current levels. However, we can identify some support zones where the price might bounce or reverse.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nasdaq Intraday Review - Tuesday 3 Dec 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - JOLTS job openings @ 15h00
News - None
Directional bias - BUY
Morning analysis:
M TF - Very bullish
W TF - Very bullish, but at a strong resistance now. Price will need to break the prior week's highest close.
D TF - Very bullish, yesterday's candle closed right at the weekly resistance
4H TF - Doji candle formed exactly on the W resistance but subsequent candles closed above. This doji level would be a good place for a mental stop loss because if candles start closing below this point, market could retrace. 4H 0.382 fib level (fib drawn from swing low at A to swing high at B.) + pivot point is far down...nearly 1000 pips from price (at time of writing at 5:49am). That's a long way down! Don't want to get into a deep drawdown situation.
30min TF - Ascending triangle forming (marked in orange lines). The resistance caused by the previous highest 4H candle close is holding candles down. But ascending triangles usually break upwards, as pressure mounts from bulls against the resistance level (although these market patterns can break either way).
2 x interest zones / areas of confluence identified:
1. Highest green highlighted area = pivot point + 4H 0.382 buy fib level
2. Lowest highlighted green area = This zone moved throughout the day at the 4H EMA moved, but eventually I settled on where it is marked now i.e. 4H EMA (at some point during the day) + 4H 0.618 buy fib level
As the day progressed:
Ultimately the ascending triangle broke downwards and a temporary downtrend line started forming as marked by the pink line.
This line held down many candles but eventually was broken on the 15min TF and I entered a buy at the top hand icon - Confirmations:
1. Market pattern - DB formed on the 15min TF, with neckline broken upwards + also breaking the temporary down trend line. The ascending wedge market pattern profit target had also just about been met (price usually travels the same distance as the height of the market pattern once the market pattern is broken - marked with the orange vertical line)
2. S&R - seemed as though the 1H EMA was providing dynamic support
3. Trend - temp down trend was broken (price had crossed the pink line) and my buy was in the same direction as the overall trend - The trend is your friend.
4. Fib - small 1H fibs were being adhered to, but didn't really consider this as part of my confirmation
5. Candlesticks - None really
Mental SL was placed at the thick pink line at about half the height of the DB.
Unfortunately, price could not remain above the pink down trend line on the higher TFs and price moved down. I closed as the 15min candle closed below my stop loss.
Took a loss of 250 pips, which I consider to be small and of no real consequence.
I don't regret this entry, it was worth a try and the SL was tight, so not a lot to risk.
Second buy entry was at blue arrow icon - Confirmations:
1. Market pattern - price had touched my green area of confluence and so I moved to the 5min TF where a DB formed and I entered on the break of the neckline upwards
2. S&R - pivot point
3. Trend - buy is in the same direction as the overall trend
4. Fib - DB formed just above the 4H 0.382 fib level
5. Candlesticks - long wicks down to the pivot point indicate that buyers are rejecting this zone and stepping in at this price level.
Mental SL was placed below the green area of confluence.
Price moved up, more than 250 pips from my entry and I secured at entry.
Unfortunately, price moved back down and took me out at entry.
Although I was ultimately right with my entries and direction....price was just to spiky for me today.
I stepped away from my screens for a few mins at 16h00 and missed a nice entry at C. where price broke the falling wedge pattern that ultimately formed on the 1H TF (between the pink and blue lines).
Was a bit bummed that I missed that one.
So ultimately for me, I closed the day with a small loss, today was just too spiky for my trading system.
Not complaining though because my risk was managed and I live to trade another day - "No Risk, No Magic"
Hope you had a better day! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Monday 2 Dec 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY. All higher timeframes are bullish.
Morning analysis:
M TF - November candle closed very bullish. Candle body is +- 9'600 pips. Indicates very bullish sentiment overall
W TF - Last week's candle closed in a doji formation. Could be an indication that bulls are loosing momentum
D TF - Fridays candle closed right at the resistance formed by Tuesday's candle. Could Friday's candle represent the second top of a DT? Neckline would be 1'700 pips down (at time of writing). But D EMA is right at neckline, so bears would have to push very hard to break this neckline down.
In the past I have noted that when we have 2 x days, like Thanksgiving, where market was closed / half day, we see a COMPLETELY different sentiment come in on market open of the first "real" day of trading. It's like the extended trading guys where doing their own thing (in this case being bullish) and then when real market comes in, sentiment could be much different and a correction could occur. So need to be careful at market open.
2 x areas of interest identified (highlighted in green)
1. 1H + 4H 0.382 buy fib level + Pivot point + D 0.618 SELL fib level which bulls will want to stay above + 1H EMA (at time of writing at 6am)
2. D EMA (at time of writing at 6am) + W 0.382 buy fib + D 0.618 buy fib level
As the day progressed:
Entered a buy at the hand icon - Confirmations:
1. Market pattern - Price made a DB before reaching the first interest area. DB on the 1H TF with neckline broken upwards. The second bottom of the DB (at C.) is higher than the first bottom of the market pattern. This also contributes to the bullishness of the market pattern. Entered on the break of the neckline at the hand icon.
2. S&R - candle wicks touching 30 EMA and moving up (at time of writing in the morning), i.e. 30min EMA providing dynamic support.
3. Trend - Temporary down trend line broken (marked with top green line), indicating that the downtrend is over and price is ready to resume upwards.
4. Fib - A few wicks reaching towards the 4H 0.382 fib, but DB formed quite a way above this level.
5. Candlesticks - candle wicks touching 30 EMA and moving up, i.e. 30min EMA providing dynamic support.
Mental SL placed at the thick pink line. Usually, I would place my stop loss at half the height of the market pattern but because this was such a tight DB, I felt I have to place it a bit lower where the first bottom occurred. If candles started closing below this point, I would consider closing.
I opened a full position size and it was a banger of a day!
Market open pushed straight up!
Price ultimately moved 2979 pips from my entry.
I closed when price made a DT on the 15min (indicated at the top hand icon). I would normally leave a runner, but I am on a mission to build my account and so don't want to leave money on the table.
Made some good moola today! Hope you did too!
Laters!
Stats:
Price moved a total of 3195 pips today.
Of the total move, I captured 2651 pips / 83%.
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Wednesday 27 Nov 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY
Morning analysis:
D TF - Noted a potential D neckline (which will form if market comes down, marked in neon green line)
4H TF - Noted a potential 4H neckline. If the 7am candle closes below the neckline, then price might be moving down and I would have to be patient and wait for quality confirmations before entering a good buy (marked in orange line)
Difficult to identify areas of confluence, but highlighted two green areas:
1. The 4H EMA was roughly in the same area as the pivot point and 4H 0.382 fib level
2. The D 0.50 fib area was roughly in the same area as the D EMA
Note: EMAs are marked on the chart where they were at a point in time on Wednesday. They have now moved due to passage of time.
As the day progressed:
Entered a buy at the hand icon Z. - Confirmations:
1. Market pattern - DB formed on the 15min TF, with neckline (+ pivot) broken upwards with a strong momentum candle
2. S&R - pivot broken upwards
3. Trend - Buy is in the same direction as the overall trend. The trend is your friend!
4. Fib - DB formed right at the 4H 0.382 fib level, indicating that price is reacting to this level and because neckline is broken up with a strong momentum candle, price is indicating that buyers are stepping in and price is ready to move up.
5. Candlesticks - On the 1H TF, price is managing to close above the 4H 0.382 fib level with wicks sticking out below.
Mental SL placed at the thick pink line, which is below the 4H EMA for extra protection, i.e. hoping that price will indeed react to the dynamic support offered by the EMA.
Price moved up, luckily more that 250 pips, and I secured at entry (placed actual stop loss at my trade's entry position).
This is one of the rules of my system - place SL at entry after 250 pips.
And Wednesday reminded me again how important it is to be super disciplined and always stick to your trade rules. I would never have expected Nas to make such a huge and aggressive correction. If I was sloppy with my discipline, I could have lost months and months of hard work building my account.
So whatever your trade rules are, this is a reminder to stick with them EVERY TIME, because you created them to protect you and they will save you when you least expect it.
Price dropped drastically, I was taken out at entry and then price proceeded to fall through the floor rapidly.
I entered an aggressive entry at hand icon X. - Confirmations:
Double bottom formed on the 15min TF right at the D EMA + W 0.50 fib level + D 0.618 fib level
Price moved up and I closed at the end of the day at the blue arrow, making 637 pips for the day.
I closed because I thought Thanksgiving would be slow trading and decided that I would not trade Thursday and Friday because I don't like slow trading.
Looking at the charts now, I see trading was anything but slow!!
Hope you had a good trading week! :)
See you next week for some exciting trading!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Tuesday 26 Nov 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY
Morning analysis:
Unfortunately I woke up to my positions from yesterday being taken out at entry :(
I did take one third partial profit last night a few minutes before closing as I knew it was a risk to leave it open overnight (especially as the D candle was about to close red below the day 0.618 sell fib level) and I wanted some reward for yesterday's trading.
M TF - remains bullish and sets the tone of the overall, big picture, market sentiment.
W TF - looking at the line chart and imagining this week's candle would be dominated by bears, one can see a potential weekly DT neckline at the yellow highlight. If candles start closing below this point then the market would turn very bearish.
D TF - Yesterday the D candle closed red below the D 0.618 sell fib level. This is a bearish signal and bulls will need strength to break this level upwards.
4H - drawing the sell fib from swing hight at B. to swing low at A., it is evident that the 4H 0.50 sell fib level lines up with the pivot point (an area of confluence for a sell) and the 4H 0.618 sell fib level lines up with the D 0.618 sell fib level (super strong area of confluence). Bulls will need incredible strength and momentum to break these levels upwards. Need to watch out. But the 23:00 4H candle closed with a very long wick down to the higher TF's buy fib levels. This indicates that buyers stepped in at these levels.
All Lower TF EMA's are below price at time of writing (4H, 1H and 30min) this might provide dynamic support to help boost price upwards. Note - 4H EMA drawn in by me indicated the position of the EMA at some point in the day, now, many hours after, the EMA has moved.
If the 4H candle closes at 7am, creating a DB with the neckline broken upwards, I will enter.
As the day progressed:
The 4H candle that closes at 7am (in my time zone) did indeed close higher than the neckline and break the neckline upwards
Entered a buy at the hand icon - Confirmations:
1. Market pattern - DB on 4H TF formed with the neckline broken upwards (indicated by the blue lines). At the same time there was a kind of DB / H&S on the 1H TF.
2. S&R - At time of market pattern formation, the 4H EMA was acting as dynamic support. We also have a strong 4H resistance turned to support area (refer to yesterday's post about keeping 5x 4H candles down)
3. Trend - Buy is in the same direction as the overall trend - as a trend trader I always want to trade with the trend. Get in on a retracement (indicated by fib levels) and then ride the trend.
4. Fib - DB forming right above the 4H 0.618 fib level
5. Candlesticks - 2 x long wick 4H candles wicking down to the D 0.50 fib level, indicating a strong bullish reaction at this level. Candles are also closing above the 4H EMA which shows bullish strength.
Mental SL placed at the thick pink line roughly half the height of the 4H DB, but below the 4H EMA for extra protection. I always use mental stops because Nas is so wild and volatile that hard stops will often take you out at a loss. For me, what matters is how candles close.
Price ultimately went my way and I closed the majority of my positions at the higher hand icon, when a DT formed on the 5min TF. I left a runner open but price wicked me out at C.
Starting to wonder if I would make more money taking profit at 1000 pips daily. Market has been very volatile these past days and perhaps that is why I feel this way, because I know for sure that taking profit at 1000 pips would not be a good strategy when Nas truly starts running / seriously trending. I will start taking detailed notes over the next few months and come back to you on my observations.
Catch ya tomorrow! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Monday 25 Nov 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY
Morning analysis:
M TF - Remains very bullish, only 4 days till close. Green candle body is 9300 pips strong (at time of writing) - indicates overall bullish sentiment.
W TF - Last week's candle closed green, indicating that price broke the previous highest weekly close, came down all the way to retest this level and then last week's candle closed green as bulls successfully retested this level and this weekly resistance has now turned to support.
D TF - Huge gap up this morning (686 pips). Price finally broke above the 0.50 SELL fib level. Further indication of bullish sentiment.
4H TF - after the gap up for the start of the day, two long green candles closed on the 4H TF. One had a long wick down rejecting the D Sell 0.618 fib level. Buyers are rejecting this zone and pushing up.
I identified 2 areas of confluence (highlighted in green):
1. Strong 4H S&R zone that held down 5 x 4H candles + 4H 0.618 fib level (swing low at A. to swing high at B. This fib only became clear later in the day.) + 4H EMA
2. W 0.50 fib level + D EMA + D 0.618 fib level
If price comes down to any of these zones I will enter with a full position size and because these are strong areas of confluence (and Nas is so volatile), I would watch the 5min TF for signs that price is ready to reverse.
As the day progressed:
Price spike up high to B. and I closed a runner that I had open from last week (not at B. exactly but as price was coming down).
Price fell quickly after market open. I view this as a retracement and not a change to the very bullish sentiment that is so evident on the higher TF's.
Price come to my interest zone 1 and gave a nice little DB on the 5min TF
Entered a buy at the hand icon - Confirmations:
1. Market pattern - DB on 5min TF, with neckline broken upwards with a strong green momentum candle (I don't normally enter on this TF unless it is an area of confluence)
2. S&R - as mentioned strong resistance zone holding down 5 4H candles, now clearly turned to support. Also dynamic support provided by the 4H EMA
3. Trend - Buy is in the same direction as the overall trend. I like to trade with the trend always.
4. Fib - D 0.382 + 4H 0.618
Mental SL placed below green highlight at the thick pink line at half the height of the 5min DB.
Price has moved more than 250pips from my entry and I am now secured at entry (so trading risk free).
Will leave it over night and hope to wake up tomorrow morning to my positions still being open.
Hope you had a good trading day! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NQ100 - closing gap The nq100 decided to close the gap that was opened during the weekend. moved down to the 88.6% fibo level, which was in conjunction with the previous top.
As i read it, the bulls yet to say the final word. i think there's going to be another push up, i don't yet if to new high, but it seems the aim is double top, and then real profit taking.
so, let's see..
good luck and stay safe
A Groundbreaking Weekly Close: Is a Big Move Loading?
🔥 The market has spoken, and it’s speaking LOUD. 🔥
This past week’s historic close is nothing short of monumental. For the first time, the market confidently surged above the previous All-Time High (ATH) — breaking through with conviction backed by exceptional volume. But what does this mean for the days ahead? Let’s break it down.
A Look Back: What History Tells Us
📈 Reversal That Changed the Game:
Earlier this year, the market reversed from a minor dip at the ATH with a surge in liquidity. That move ignited a massive 10% rally. And now, we see the same conditions emerging:
Liquidity ✔️
Strong volume ✔️
Breakthrough resistance ✔️
🔎 The Election Week Trap:
Sometimes, the market plays tricks. The US Election Week candle gave us a massive move but was immediately retraced the following week. This teaches us an important lesson: ignore the noise and focus on what truly matters — consistent price action backed by volume.
Why This Weekly Close Stands Out
✅ Exceptional Volume: Unlike election-driven volatility, this close is supported by sustained buying pressure.
✅ Breaking Major Resistance: The market isn’t just flirting with the ATH; it’s clearing it decisively.
✅ Momentum Reset: We’re now undoing the noise from previous eventful candles and focusing on the real trajectory.
What’s Next: Is Another 10% Rally in the Cards?
The stars are aligning for a potential repeat of history. With liquidity unlocked and resistance broken, the market could be gearing up for an even bigger move in the coming days. This past week’s candle could be the foundation for a new bullish wave, signaling a continuation to higher highs.
🧠 Key Takeaways for Traders
💡 Ignore the distraction of single-event candles like the election weeks — focus on volume-backed closes.
💡 Watch for sustained momentum — this close is a signal, not just a moment.
💡 Be prepared for potential follow-through that could mirror the prior 10% move or even exceed it.
⚡ Conclusion: The Market Is Ready to Make a Move ⚡
This isn’t just a weekly close; it’s a statement. The market is poised, primed, and ready to go. Are you ready to ride the wave?
➡️ A major move is loading… and you don’t want to miss it.
🔔 Stay sharp, stay focused, and let the market show its hand!
NASDAQ TODAYToday is a calm day for US100 until the 3:30 PM pull ;
today, it seems like it ll be going down after a lot of hesitations, a lot of reticence to get over 21K ;
we managed to get the descent the other day (orange lines), today seems like either a big pull out, going towards 22K, but pretty unlikely to happen, or a big drawdown like that, reinitializing RSI for the next rally.