MNQ1! trade ideas
NQ Futures Daily Bullflag to $22,000After a sudden drop from ATHs and a big rebound, a daily bullflag formed into month end setting September up for a very big run.
Upside PTs are: 20150, 20300, 20450, and 22000 if a break above the previous ATH to finish out the bullflag
SL would be invalidation of the flag
understanding market structureThis video shows you how to enter the market for persist entries. This particular trade was made based off the strategy i recently just learned called a ' Falling Wedge "; once it broke to the upside i bought and and enjoyed the ride for a 2600$ gain
The HOUSE was successful & CAPITALIZED SHORT 2.5R Portfolio GainCME_MINI:NQ1!
"When you want to succeed as bad as you want to breathe, then you'll be successful. It's not about craving success like you crave food or water, it's about needing it like air. That urgency, that necessity—that's when you break through." -Eric Thomas
Top of the Morning Family... Here in this Short video I broke down why we went SHORT this morning from HTF Pivot Zone EQ Level and gained +2.5R Portfolio Gain.... Lets stay active in our approach and only take the highest of probabilities...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
NQU2024 upward channel bounce and MACD says...We see on daily chart an upwards channel, and are at the bottom.
The old faithful MACD indicates downward pressure.
Watching for the Tangent of the MACD to turn positive and the channel to be validated with a bounce upward.
We shall see. Even though most of my trades for this ticker are very short time frames, like 15 seconds... getting the larger view is very helpful.
Non-Farm Employment Change and FOMC Member Williams SpeaksLooks like we've got buyside liquidity. At the moment it is not recommended to trade because it is a news that can affect you a lot. I recommend trading within 30 minutes of the news. Because it's a news that doesn't take the algorithm into account.
NQ - rally into ATH in NovemberNQ is following Feigenbaum projection perfectly so far on the daily timeframe. After accumulation, a perfect manipulation to -0.6714 and then distribution to 3.5699. Now after a retrace to 1, it's ready to finish the move up to 4.6692 at close to 22K. Based on time fib I expect the top to be in November (between blue vertical lines).
NASDAQ HEADING INTO NFPExpectations around NFP, many will likely sit on the side of expecting NQ to squeeze some shorts today on the NFP release. As we are still High timeframe Bullish. Liquidity is also clear in how its been built above current price with the sloping downtrend outlined. Stops are positioned there but also the divergence at the highs seen on Wednesday and Thursday between NQ and ES.
However, there is a case and my expectation is more skewed towards seeing NQ go lower to offer discount buying before the shorts are squeezed, this also aligns with ES trading to atleast 5472. Again as traders its about understanding ones idea/bias/data and then waiting to see if your setup unfolds to allow for execution. I will execute only when my setup delivers around my own expectations!
Namaste
NQ Power Range Report with FIB Ext - 9/6/2024 SessionCME_MINI:NQU2024
- PR High: 18933.75
- PR Low: 18902.25
- NZ Spread: 70.5
Key scheduled economic events
08:30 | Average Hourly Earnings
Nonfarm Payrolls
Unemployment Rate
Holding range above 18800 at week lows
- AMP raises margin requirements for expected pre-RTH employment volatility
Session Open Stats (As of 1:05 AM 9/6)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 394.42
- Volume: 30K
- Open Int: 240K
- Trend Grade: Bull
- From BA ATH: -9.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NASDAQ Futures - Consolidation & UncertaintyHello people of the world!
Alright, apologies the video went a little longer than I would have liked, but ultimately what it boils down to is the fact that today was very choppy and volatile. Lots of day trading opportunities in both directions, but that certainly doesn't help the uninformed and novice traders.
TWO LEVELS to pay attention to on these NQ futures:
Bearish below 18850
Bullish above 19140
It's really as simple as that. We're in a choppy zone right now as I outlined in the chart. If you're in to Elliott Wave Theory and you see this decline as a wave 4, you want to see the NQ price action stay above ~18560 and really you don't want it to go anywhere near there. Holding that 18850 level is what you desire.
The bullish idea remains valid above 18560 but gains confidence on a push above 19140. If that happens, then we can talk about upside targets, but for now, best to just wait and see. Other names like AAPL did not perform as well today compared to things like TSLA.
Happy Trading!
How does a diamond pattern get so complex?on the left hand side we see a series of days UP, 5 waves up and an ABC down, day after day, this is how the market moves up.
We had 5 waves up, from the diamond bottom, (red 5). to a 4th wave down, that turned into 5 waves down, and on the ABC up, it reversed again and fell, now reversing off the wave 3 down, close to the lower edge of the diamond.
This all creates the extremely complex diamond top formation.
Expecting lower prices on NQ for PM sessionNQ shorts on the way. expecting lower prices for the day before NFP
ADP Non-Farm Employment ChangeToday is a bit harder because we have ADP Non-Farm Employment Change. The biggest news with the biggest impact on the market. After the analysis, today I think we are bearish. I hope that this news has not affected my analysis and respect the analysis that I made. You have on 3 minutes, a fvg. See if it respects that gap and enter the trade.
NQ Power Range Report with FIB Ext - 9/5/2024 SessionCME_MINI:NQU2024
- PR High: 18985.00
- PR Low: 18961.50
- NZ Spread: 52.5
Maintaining Tuesday lows above 18800
Key scheduled economic events
08:15 | ADP Nonfarm Employment Change
08:30 | Initial Jobless Claims
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
11:00 | Crude Oil Inventories
Session Open Stats (As of 10:25 PM 9/4)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 398.86
- Volume: 20K
- Open Int: 243K
- Trend Grade: Bull
- From BA ATH: -9.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Futures - Short - Bear Momentum - Keep it Going!CME_MINI:NQ1!
Key Notes: Keep It Stupid Simple (KISS) Trading
- The trend is your friend (short the pops until trend changes).
- Trade significant levels, DO NOT TRADE the CHOP ZONES
- NQs typical price block is 500 pts. (example: 19000 - 19500). Significant levels are every 25% of the larger price block - i.e. 19000, 19125, 19250, 19375, 19500
- Watch the MACD, if it's negative, you should find the price move below the 200 EMA. If the MACD is positive, you should find the price want to go over the 200 EMA.
NQ what’s your Iq - sleep increases IQSet the alerts. Set the brackets. Set the trade. Then get to sleep. Will we wake up with a win. I’ll dream on it.
1hr strong close up.
We have a structure shift. My entry is set at the area of value where the un filled orders were left behind that originally created this push up.
2:1?
2.5:1? We’ll see. My data says 2.5
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Never Short if NASDAQ doesn't dump below 17395Target Continuing Upside
• 21,297
• 22,186
• 23,234
• 23,879
STO Day OS indicating no momentum selling as of now
However, Non-farm news or interest rate decision within 1-2 weeks would clarify this restrained level.
JOLTS Job Openings 10:00 Congratulations to those who caught yesterday's movement. After analyzing the weekly and daily today, it looks like we closed that gap on the weekly and should be bullish. I am waiting for sellside liquidity to pick up and then I will look for a buy entry. We have high impact news at 10:00. Take care
ES failed twice to pass supply zoneI am bearish on market for now, expecting downtrend for now on NQ & ES .
We are seeing wyckoff distribution
Nq 100 E-MINI FUTURES on his way Down Hello,
We've identified a huge current opportunity to sell NQ 100 E-MINI FUTURES with a high probability and a favorable risk-reward in the Daily chart.
Our target is $17737 within a few days (Swing trade).
Ibrouri
NQ Power Range Report with FIB Ext - 9/4/2024 SessionCME_MINI:NQU2024
- PR High: 19005.75
- PR Low: 18947.00
- NZ Spread: 131.25
Key scheduled economic event
10:00 | JOLTs Job Openings
Rollover back below daily Keltner average cloud
Session Open Stats (As of 11:45 PM 9/3)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 412.95
- Volume: 45K
- Open Int: 246K
- Trend Grade: Bull
- From BA ATH: -10.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
