MNQ Long 10/29/2024MNQ is in an uptrend and is the strongest market. Placed a long position in 1hr HV DZ below MA. Risk= $250. Target= 1:1 and 3:1 or 1:1 and top of measured move.
MNQ1! trade ideas
NQ support/resistance . There is a reason why markets consolidate and reject certain areas.... It isnt random. Our own custom indicator highlighting the areas of importance
10.30.24 4hr NQ10.30.24 4hr chart observations.
Price currently bullish, price could continue upward to test all time high. If bearish the 200 ema must be broken. We could be in for more big moves, or a new range will form.
NQ Power Range Report with FIB Ext - 10/30/2024 SessionCME_MINI:NQZ2024
- PR High: 20763.00
- PR Low: 20719.00
- NZ Spread: 98.5
Key scheduled economic events
08:15 | ADP Nonfarm Employment Change
08:30 | GDP
10:30 | Crude Oil Inventories
Breaking into new month highs on previous session trend
- Auctioning back towards ATH, ~400 points away
- Tapping 20800 supply, triggering short term rotation
Session Open Stats (As of 12:35 AM 10/30)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 280.66
- Volume: 28K
- Open Int: 256K
- Trend Grade: Bull
- From BA ATH: -2.0% (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 Power Range Report with FIB Ext - 10/29/2024 SessionCME_MINI:NQZ2024
- PR High: 20525.50
- PR Low: 20489.25
- NZ Spread: 81.25
Key scheduled economic events
10:00 | CB Consumer Confidence
JOLTs Job Openings
Weekend gap filled
- Advertising rotation short off ~20711, month high
Session Open Stats (As of 1:05 AM 10/29)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 277.97
- Volume: 24K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -3.4% (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
Aisan Session Market open and created Initial sell side Minor and buy side. It took the sell side then head to the buy side. The fvg form between the candles which gave a perfect entry for long. The wick closing in the fvg box is what we want
Nasdaq long ideaI think we needed one more sweep into sell-side at 9:30 so I think it should be going into buy-side
NQ long idea I think we saw sweep in sell-side at 8 am and i would like to see a sweep on buy-side from here.
I want to see it above 20707.25 and avoiding 20619.00 before that.
Long bias forming when zooming out, after price broke above 680Long Bias Formation:
Foundation: Starts at 19,818.
Key Break: Moving above 20,680 last week suggests a revisit to 20,680 and potentially higher.
Entry Strategy:
Ideal long entry: Around 19,979.
Buy Zone: Between 20,021 and 19,916.
Look for wicks on the 1-hour and 10-minute charts that show support.
Risk Management:
Invalidate Long Bias: If any candle wicks below 19,818, it would negate the short-term long outlook.
Target Prices (TP):
First TP: 20,680.
Final TP: 21,212.75.
This analysis sets up the key levels and strategy for the week ahead.
10.28.24 NQ 4hr observations10.26.24 4hr chart observations.
Price meeting resistance at top of recent high from Oct. 14th. If bullish, price continues upward to test all time high. If bearish the 200 ema must be broken. We could be in for more big moves, or a new range will form.
nqnq gapped up, looking for buyside to be swept in overnight session possibly creating all time high. Either we hold up above and continue or head back down towards the gap after we sweep
nqnq gapped up, looking for buyside to be swept in overnight session possibly creating all time high. Either we hold up above and continue or head back down towards the gap after we sweep
NQ Power Range Report with FIB Ext - 10/28/2024 SessionCME_MINI:NQZ2024
- PR High: 20622.25
- PR Low: 20525.25
- NZ Spread: 217.0
No key scheduled economic events
Relatively major weekend gap up
- Advertising potential to break into new month high, into 20800
- Wide NZ spread to start the week above weekend gap
Session Open Stats (As of 1:25 AM 10/28)
- Weekend Gap: +0.24 (open < 20475)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 292.33
- Volume: 34K
- Open Int: 247K
- Trend Grade: Bull
- From BA ATH: -2.8% (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
Top 5 Weekly Trade Ideas #1 - NQ ShortNQ looks like it wants to test ATH soon and there's a few other reasons it may reject from the area. Trendline resistance from July, in addition to supply near ATH. We also have a shorter term ascending wedge from August that could lead to more downside if it breaks.
For now, remaining bullish and looking for a potential pullback if it taps the trendline or supply above. If we get the rejection and trend break to the downside, I think it still needs to break below 20k before it starts to get really bearish. A break of the trendline above and ATH is obviously bullish, would be looking for long opportunities on dips if that happens.
Fridays Gameplan (Turtle soup + Returm to Opening Range Gap)1) 12:00 am price has created the low of the day and started to rally higher. After the large sell of the other day there is a ton of layer buyside sitting above price at the open
2) 9:30 Launches price into all the buyside layers with great speed.
3) Once the High of 10/14 was taken out I started looking for shorts as we had launched away from the 9:30 open and left a very large opening range gap untouched. My exit target was the 9:30 opening price.
Turtle soup + return to opening range gap after buyside sweep.
Not trading advice.
"The Chop" Explained. Thursday 10/24I do not like to trade in days that play out like this. This is high resistance liquidity conditions and trading days like these have torn holes in my account. They are great to study and pick up on the cues early so you can stay out of them.
Notice how between 9:30 and 12:30 there were only 2 FVG formed on this time frame?
Notice how there is not a clear directional run toward liquidity?
In the 1 min chart, is there clear directional moves or a lot of back and forth? Some call it chop. Days like these I remind myself to stay flat, I don't have to trade every day.
Remember that after a Large range trading day there is a high likely hood of a High resistance Liquidity conditions on the next session.
Wednesday sell off, and how to spot it.1) What a Heavy Day! 12:00 saw the only swing high taken (3:15 am) out and after that it was all Sell side delivery.
2) 9:30 open did not have the strength to push higher at all leaving the opening day gap almost completely untouched. Entry here after the failed attempted to go past the high at 9:30
3) Wild ride down But exited where the last sell-side I had mapped was hit. Right at the top of the 1 hour Bisi. Notice how the price jumped into the 1min FVG from Monday and immediately broke lower. Interesting.
Not trading advice.
Knowing where to Look. Tuesday 10/221) 12:00 am Consolodates in-between NWOG's. London fails to push higher. Leaving Minor Buyside.
2)Price sweeps up minor sellside from London but fails to take out previous day low. Also we have created a large opening range gap. which the 9:30 open looks to fill. Leaves the upper portion untouched and price breaks lower, back into the 15m BiSi and just past the 25% of the Opening Gap. Entry Here at top of BiSI.
4) With Speed price runs towards the buyside after NY lunch and into the beginning of the PM session.
Not Trade advice.
Mondays Review. Riding the Tide.1) 12:00 am Price Opens below the NWOG and Trends lower. Looking back on the chart we can see the resting sellside from 10/17.
London Session leaves us with minor buyside as price continues lower.
2) Sellside is swept, and quickly reverses before the 8:30 and 9:30 opens. We are now in a buy program.
3) Price reaches up to the Buyside target. This Buyside resides inside of a 15min Sibi From 10/17. 75% gets filled and price once again reverses direction. Interesting that both highs and lows from lunch session on 10/17 were taken out.
4) Price the swiftly moves towards the sellside again, Quickly sweeping before moving back up. Notice how it consolidated around the NWOG and this week we are studying the first presented FVG on Monday.
Not trading advice.
Nearly Identical Day to 10/14/2024. 10/25/2024Friday 10/25/2024
-Same market structure as 10/24/2024
-Price ran up taking out the PWH faking out break out traders and making retail believe the market will continue higher.
-Price went right back to 9:30 liquidity, would have been the best target for TP not I'm not comfortable putting it there yet.
SS in top right shows the one minute chart. Too big to post the full thing there but thats where the set up formed.
Nasdaq (NQZ2024) - Will We See The Daylight Of $21,000? Wednesday printed the lows for the week, attacking the prior weeks sell stops, before closing inside of the upper portion of the bullish order block.
Shortly after, On Thursday, the Nasdaq rallied thanks to Tesla's strong earnings and optimistic sales outlook, boosting hopes for a solid earnings season. However, the Dow fell further, dragged down by IBM's 6% drop after a revenue miss.
Does that mean daily buy stops above the 14th Oct 24 will be ran on?
Currently, the highs is being tested but will we see a daily closure above leading to further bullish speculation to $21,000?
