NQ Power Range Report with FIB Ext - 10/20/2023 SessionCME_MINI:NQZ2023
- PR High: 14855.50
- PR Low: 14828.00
- NZ Spread: 61.5
No Significant Economic Events
Continuing daily inventory decline
- Wide session open on low volume compared to prev session
- Maintaining NZ range leading into London hours
Evening Stats (As of 2:05 AM)
- Weekend Gap: +0.08% (filled)
- Session Gap 10/18: -0.10% (open > 15060)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 250.89
- Volume: 37K
- Open Int: 254K
- Trend Grade: Neutral
- From ATH: -11.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
Volatility
Tuimaz Zavod AvtobetonovozovInteresting company for a long run investment in the tracking production area, concrete field. Low volume less than 100 000 000 ₽ but speaking of a chart of the company it looks like ATR could go back to the 10.9 level where it was during first days of the september. Cherry on a pie is price in the moment of pumping do not go out of the R5/S5 pivots this means traders love the company and do not over-buy or over-sold it. Price target could be 280 ₽ or 360 ₽ for the common stock. Current relation of capitalisation to volume is 22.76 this means even due to low volume and low capitalisation company has a lot of minoritaries and this is good.
NQ Power Range Report with FIB Ext - 10/19/2023 SessionCME_MINI:NQZ2023
- PR High: 15053.75
- PR Low: 15029.75
- NZ Spread: 53.5
Key Economic Events
08:30 – Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
10:00 – Existing Home Sales
12:00 – Fed Chair Powell Speaks
Decent vols ahead of historically high vol news
- Daily inventory decline, breaking the range
- Failed to close prev session gap
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.08% (filled)
- Session Gap 10/18: -0.10% (open > 15060)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 251.60
- Volume: 35K
- Open Int: 255K
- Trend Grade: Neutral
- From ATH: -10.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
How not to trade Gold. Really.Double Top preceded by a 50% Fibonacci was a bad trade idea. Lost 1K on this for trying someone else idea. Also lifted the SL to 1779-1782 area to act as the biggest risk I would take in this position. Even thought I knew the risks. I normally do not trade Gold since I do not have enough money. I could have taken gains at 1770 instead 📞 I'm such a noob.
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon.
Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post).
This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off.
All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
FRONT │ 12.10.2023BINANCE:FRONTUSDT.P
Signals for level breakout
close retest of the level;
the instrument gradually approaches the level;
accumulation of energy for level breakout;
a good approach to the level;
consolidation near the level;
decrease in trading volumes before the level;
a clear zone beyond the level;
there is a reserve of technical ATR;
Trade Parameters
Open : 0.28745;
Stop loss : 0.29019;
Take profit :
0.27923;
0.27649;
0.27375;
Disclaimer
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
NQ Power Range Report with FIB Ext - 10/18/2023 SessionCME_MINI:NQZ2023
- PR High: 15243.00
- PR Low: 15222.50
- NZ Spread: 46.0
Key Economic Events
08:30 – Building Permits
10:30 – Crude Oil Inventories
Maintaining range of the week
- Strong potential for breakout
- Trading back to 50% of daily range
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.08% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 250.05
- Volume: 26K
- Open Int: 257K
- Trend Grade: Neutral
- From ATH: -9.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
XAUUSD COUNTER TREND4hr and 1hr are very bullish, however, there's a lot of imbalance left behind.
Price reach a resistance area where I believe there could be some retracement down before continuing up.
High Risk Trade but I have all my confluences to set a Limit Order.
Let's see what price does
Like & Comment for more ideas and Insight
Drop a follow if you love trading !
NQ Power Range Report with FIB Ext - 10/17/2023 SessionCME_MINI:NQZ2023
- PR High: 15305.50
- PR Low: 15285.50
- NZ Spread: 44.5
Key Economic Event
08:30 – Retail Sales
- Core Retail Sales
Holding prev session highs
- Prev session printed as inside bar
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.08% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 249.52
- Volume: 20K
- Open Int: 258K
- Trend Grade: Neutral
- From ATH: -8.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
NQ Power Range Report with FIB Ext - 10/16/2023 SessionCME_MINI:NQZ2023
- PR High: 15161.75
- PR Low: 15118.25
- NZ Spread: 97.5
No Key Economic Events
Evening Stats (As of 1:05 AM)
- Weekend Gap: +0.08% (open < 15110)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 252.94
- Volume: 27K
- Open Int: 255K
- Trend Grade: Neutral
- From ATH: -9.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
STORJ mirror candle shortWe can see the mirror structure of candles, this is confirmed by the volume holding the price, which indicates an increase to the previous high and a local rollback down, so we can open a short position at the top. The intersection of the MA 200 and MA 50 lines on the 4H timeframe and 2 touches of the bottom with candles, which hints at further growth ☝️
Potential Bull Trap Brewing?CME_MINI:NQ1! broke out of a textbook bull flag price structure over the weekend and has consolidated nicely throughout the trading day Tuesday.
We see two price targets of interest:
15600 - the price structure of the most recent high and the implied move of the bull flag
15063 - the approximate point of the bull flag break and currently the location of an active "rug pull"
It's too early to tell whether we hit 15600 or 15063 first, but we are keeping an eye on CME_MINI:NQ1! for any sign of reversal, with 15063 as a minimum downside target. Momentum is currently with the bulls and does not show signs of slowing down quite yet. An eventual break below the AVWAP (shown in orange) could indicate a reversal is underway.
PPI, CPI, and Fed minutes could bring larger volatility than usual this week.
Disclaimer:
Any information contained within this post does not constitute any financial, investment, or trading advice. Trade or invest at your own risk.
NQ Power Range Report with FIB Ext - 10/13/2023 SessionCME_MINI:NQZ2023
- PR High: 15329.00
- PR Low: 15313.50
- NZ Spread: 34.5
Evening Stats (As of 1:05 AM)
No Significant Economic Events
Wide range set from prev session
- Holding inside prev session range
- Weekend Gap: -0.65% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 246.79
- Volume: 22K
- Open Int: 254K
- Trend Grade: Neutral
- From ATH: -8.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
NQ Power Range Report with FIB Ext - 10/12/2023 SessionCME_MINI:NQZ2023
- PR High: 15409.75
- PR Low: 15397.00
- NZ Spread: 28.75
Key Economic Events
08:30 – Initial Jobless Claims
- CPI (3x)
11:00 – Crude Oil Inventories
AMP Futures increased margins for CPI
- FOMC momentum pushes above Tues high
- Holding just above prev session high
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.65% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 247.64
- Volume: 20K
- Open Int: 255K
- Trend Grade: Neutral
- From ATH: -8.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
Welcome to the next generation.This is a huge thank you as an ex TradingView employee and platform nerd for releasing this awesome feature.
Until now, I had to painstakingly put it all together myself.
Now it costs only a few clicks.
THANK YOU TRADINGVIEW!
> Greetings go out to every little gear, of this freaky machine. Love you all.
Let's have some fun with this template.
Welcome to the next generation.
NQ Power Range Report with FIB Ext - 10/11/2023 SessionCME_MINI:NQZ2023
- PR High: 15286.50
- PR Low: 15274.50
- NZ Spread: 27.0
Key Economic Events
08:30 – PPI
14:00 – FOMC Meeting Minutes
AMP Futures raise margin requirements through FOMC
- Tight session open range, low volume
- Prev session printed for potential reversal
- Long upper tail
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.65% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 254.49
- Volume: 18K
- Open Int: 254K
- Trend Grade: Neutral
- From ATH: -8.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
NQ Power Range Report with FIB Ext - 10/10/2023 SessionCME_MINI:NQZ2023
- PR High: 15199.00
- PR Low: 15187.75
- NZ Spread: 25.25
No Significant Economic Events
Weekend gap closed with afternoon rally
- Daily high pushed into Sep inventory
- Session opened with low volatility
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.65% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 260.28
- Volume: 23K
- Open Int: 255K
- Trend Grade: Neutral
- From ATH: -9.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
NQ Power Range Report with FIB Ext - 10/9/2023 SessionCME_MINI:NQZ2023
- PR High: 15076.00
- PR Low: 14990.50
- NZ Spread: 190.75
No Significant Economic Events
Huge weekend gap down
- Relatively super wide open session range
Evening Stats (As of 1:25 AM)
- Weekend Gap: -0.65% (open > 15132)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 269.15
- Volume: 44K
- Open Int: 257K
- Trend Grade: Neutral
- From ATH: -10.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
NQ Power Range Report with FIB Ext - 10/6/2023 SessionCME_MINI:NQZ2023
- PR High: 14861.25
- PR Low: 14853.75
- NZ Spread: 17.0
Key Economic Events:
08:30 – Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
Micro NZ Spread ahead of high volatility expectation
- Brokers raise margin requirement for news
- Prev session printed as inside day
Evening Stats (As of 1:25 AM)
- Weekend Gap: +0.49% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 244.15
- Volume: 26K
- Open Int: 249K
- Trend Grade: Neutral
- From ATH: -11.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
A Guide to Effective Trading with the Keltner Channel
The Keltner Channel is a technical indicator that helps traders analyze price volatility and identify possible entry and exit points. It was developed by Charles Keltner in the 1960s and remains popular among technical traders today.
The main components of the Keltner Channel include:
Moving Average (SMA): This is the average of the price over a certain period of time. The moving average is used as the center line of the Keltner Channel and serves as a reference level for analysis.
Keltner Channel Upper Band: This band sits above the moving average and is usually calculated as the sum of the moving average and the average true range (ATR) multiplied by a factor. It provides information about potential resistance levels.
Lower Keltner Channel Band: This band is below the moving average and is calculated in a similar manner as the upper band, but subtracting the ATR multiplied by a factor. It indicates possible support levels.
The basic idea behind using the Keltner channel is as follows:
Trend Analysis: If the price is above the upper band of the Keltner Channel, it may indicate an uptrend. If the price is below the lower band, it may indicate a downtrend.
Volatility: A widening Keltner Channel indicates an increase in volatility, while a contraction indicates a decrease.
Entry and Exit Points: Traders use Keltner Channels to determine when to enter and exit the market. For example, crossing the upper band may signal a possible price decline and be considered a sell signal, while crossing the lower band may be a buy signal. However, in the original methodology it is considered that the crossing of the upper line by the price is a signal to open a long position, and the lower one - to open a short position
Signal Filtering: Some traders use other indicators, such as Average Directional Index (ADX), to filter Keltner Channel signals and confirm trend strength.
Let's consider this strategy. Entry into a long position will occur when the candle closes above the upper boundary of the Keltner channel and the DMI is above the threshold and shows a green band. Stop loss can be placed on the opposite side of the counter channel and make the risk reward ratio 2:1, for example. For a short position, it will be the opposite when the candle closes below the Keltner channel and the DMI bar will be red and above fresh hope with the same risk reward ratio and the position will reach the target.
This strategy is quite simple and can be traded quite effectively if taking into account risk and money management. You can see one of our realized trading bots using Keltner channel breakdowns here.
Wunder Keltner bot:
Wunder Keltner bot is based on the breakout of the Keltner channel. Therefore we will need two indicators for a complete strategy: DMI and Keltner Channel.
What is DMI?
DMI stands for Directional Movement Index, and it is a technical indicator used in financial markets, particularly in the field of technical analysis. DMI is designed to assess the strength and direction of a trend, helping traders identify potential trend breakouts and the overall market momentum. It is a straightforward yet powerful tool that can be applied to various trading strategies.
The Directional Movement Index consists of two components: the Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI), which are both calculated using price movement data. Here's how these components work:
Positive Directional Indicator (+DI): This component measures the strength of the upward price movement or the bullish trend. It is calculated by comparing the difference between today's high price and yesterday's high price to the difference between yesterday's high and yesterday's low. The result is then smoothed to provide a more accurate reading.
Negative Directional Indicator (-DI): On the other hand, the -DI measures the strength of the downward price movement or the bearish trend. It is calculated similarly to the +DI but focuses on the downside price movements.
Once the +DI and -DI values are calculated, the DMI itself is often represented as a single line, along with a complementary line known as the Average Directional Index (ADX). The ADX helps traders assess the overall strength of the trend, regardless of whether it's bullish or bearish.
Let's take a look at the key entry points. To enter Long, we need to see the deviation above the norm, and it is also important for us that the ADX value is above the specified level. You can see an example of a long position and also an example of a short position.
For calculation, 2 channels are used, one for long trades, and the other for short trades. The division into 2 channels is used for more accurate entry calculations depending on trend directions. The ADX indicator is used to filter signals and determine the trend strength. ADX determines the strength of the trend and confirms the entry into the strategy if the value is greater than the level indicated in the settings.
A function for calculating risk on the portfolio (your deposit) has been added to the script. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
Conclusion:
The Keltner Channel is a valuable technical indicator that can help traders assess price volatility and make informed decisions about entering and exiting positions in the financial markets. Developed by Charles Keltner in the 1960s, it remains a popular tool among technical analysts due to its simplicity and effectiveness.
Remember that no trading strategy is foolproof, and success in the financial markets requires discipline, continuous learning, and adaptability. It's essential to backtest and practice any strategy in a risk-controlled environment before implementing it with real capital. Additionally, always stay informed about market news and events that can impact your trades.
Ultimately, the Keltner Channel, when used in conjunction with other tools and a well-thought-out strategy, can be a valuable asset in your trading toolkit, helping you navigate the complexities of financial markets and work toward your trading goals.