NAS100 - Set up and waiting for confirmationTeam, I am setting up the long position, howver I still waiting for the confirmation.
The current market price is 18814, I would prefer if it reached above 18836-42 to confirm my long position.
If the market break though the support line 18784 then we call it off.
If the price however consolidate and move toward the above price 18836-42, then I will enter my long position, with stop loss at 18772
Target 1 - 18964.70
Tareget 2 - 19196.50
Nasdaqidea
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NASDAQ thoughts - 24-Aug-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
NASDAQ THOUGHTS 15-AUG-2024Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq Thoughts 12-Aug-2024Good morning all, Kindly find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NASDAQ SHORT 1500+ pips (UPDATE....FLOATING 700+ PIPS IN PROFIT)Good evening gents so today has been EXCELLENT. My previous analysis that was posted on JULY 29th has gone perfectly. During NEW YORK session today at 16:00pm (south African time), market gave us a beautiful drop out of our POI DAILY SIBI....We are now currently running 700+ pips in profit! If you were one of the viewers to see my previous post, give me a heads up if you got in on this trade. COMMENTS ON THIS POST IS MUCH APPRECIATED.
NASDAQ SHORT 1500+ PIPSGood morning gents, so I haven't been active in a while, I've been taking the time out to get my head in the game by gaining further knowledge but I'm feeling ready now. This is my bias for NASDAQ I feel as if there is a high probability we will be seeing a strong move to the downside sweeping out further sell side liquidity as there has been a change in the state of delivery as well as market confluence pushing for sells. Comments on for this analysis is much appreciated.... let me hear what u guys think.
Nasdaq Thoughts 26-07-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq Intraday Review - Wednesday 24 July 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 +- 5am GMT (12 am EST)
Economic news - None
News - Earnings news (Alphabet and Tesla) last night
Directional bias - SELL, because last night the Day candle closed with a red doji candle after having touched the D - 0.382 sell fib level + D EMA.
I woke up early to see what market was doing and noted a MASSIVE gap down - this confirmed my SELL bias
Entered a sell on the 15min TF at the hand icon - confirmations:
Break of the neckline of a DT that had formed on the 15min, 30min and 1H TF (TF confluence).
Mental stop was placed at half the height of the DT (marked by the thick pink line).
Price dropped beautifully.
Closed half my position at the bang icon and will watch price action to close the remaining position.
Bang icon = M - 0.382 buy fib level i.e. a strong possible reversal zone.
This will be my last post for 4 weeks, as I am going on a long summer holiday!
Feels so good to close out my trading on a nice big profit (2'968 pips so far).
Hope you caught this sell!
All the best...till next time! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
GOLD THOUGHTS 19-JUL-2024Hello all, Kindly see my GOLD thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq Intraday Review - Thursday 18 July 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 +- 6am GMT (1am EST)
Economic news - Initial Jobless Claims @ 13h30
News - Netflix Earnings
Directional bias - BUY
My trading journal didn't save all my detailed morning analysis text (#irritating) :(
So to repeat, short and sweet....
I kept my bias today as a BUY because I was of the opinion that market would retrace and test the neckline area of D market pattern.
Reason for this opinion:
1. Day DT Profit target reached (market pattern completed)
2. Seller's TP2 reached
3. The lime green thick line is a strong resistance level on the W TF and if price breaks this support, then we are in for another big drop as indicated by the purple arrow.
So I felt like price would retrace, all the way up to the sell fib levels.
I entered buy's twice, based on DB's forming and breaking necklines upwards + temporary downtrend lines broken.
Mental SL was placed at the thick pink lines.
On both occasions price moved more than 250 pips away from my entry and I was able to secure my trade at entry.
Got taken out twice at entry as price moved back down and then I lost faith that bulls could overpower the bears to at least force a deep retracement today.
So no pips for me today.
Hope you had a better day!
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
EMA = exponential moving average
SL = stop loss
NASDAQ THOUGHTS 16-JUL-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq Intraday Review - Thursday 11 July 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 +- 13h00 GMT
Economic news - CPI @ 13h30
Directional bias - BUY
This post is titled: CRASH AND BURN!!! :(
So I have runner's that are still in play from previously - roughly in the area of the bang emoji.
My plan for CPI was to keep my directional bias as a buy, but I only wanted to get in if price spiked down.
If price spiked upwards, I was happy for my runners to benefit.
I identified 2 areas of interest -
Area 1:
Pivot point + 1H 0.382 fib (drawn from swing low at A. to swing high at B.) + Consolidation triangle market pattern profit target (marked in orange lines.
Area 2:
4H 0.50 fib level + orange trend line + 4H EMA (at that time) + strong 4H S&R zone + 4H 0.618 fib level not to far below + D - 0.382 fib level not too far below.
I set a smaller position buy limit at Area 1 and a bigger position buy limit at Area 2.
At 13h30, the CPI data was released and came in below expectations.
Market spiked up, but bulls could not keep price afloat.
When the long wick appeared on the 1H TF, I recognized that bulls may be losing momentum.
I immediately removed my buy limit in Area 1 because it was too close to price in my opinion and I would rather enter manually in that zone if need be.
To my surprise, price dropped like a hot potato.
Welcome to Nasdaq trading! Haha! :)
I was still pretty confident in my Area 2 and so kept that buy limit, after all it was +-1'500 pips from where price was at that moment.
My order triggered and I was in with a buy.
But my overconfidence got the better of me. I was so confident in the strength of this zone and so confident in my expectation that price would at least bounce from here, that I never actually considered where my stop loss would be.
So I made a deadly mistake - I entered a trade without having a trade plan.
As price continued to fall, my mind started reeling and I had no clue what to do. My runner's were closing and I just couldn't think clearly.
EVENTUALLY I closed this position. But I closed it way too late and took a MUCH bigger loss that I would have if I had planned my trade.
I took a loss of +- 2'000 pips on a pretty big position.
Even just writing that feels ridiculous and I can't believe I let that happen, but my mind was reeling and the drop was happening fast.
My regret is not that I entered a buy (I am glad that I did because the area was super strong in my opinion).
My regret is that I entered without a proper trade plan.
To prevent this from ever happening again, I have added a new trading rule to my trading system:
If I enter a buy limit order, my SL is 500pips from entry, no matter what. Reason is that I only enter buy limits when I feel the area is strong and if price is able to move 500pips from that area of interest in the opposite direction to my expectation, then it means I got it wrong and I need to get out of the trade quick!
So learn from my costly mistake (and one that I don't normally make)....always plan your stop loss!
Once out, I knew I needed to wait for really strong confirmation before entering again. So no revenge trading for me!
Hope CPI went better for you! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss