NAQ trade ideas
NDAQ - reached target. Profit taking on?continued fall to 76 with a potential downside of 61.
Waiting for a low under triangle to open shorts.
retest and bearish continuation of key level (dotted line) is an indication for a fall as well.
-heish
NASDAQ - CHART ANALYSISPrice is respecting support level 104.0 & trendline. Most likely will push to 108.0 level. If price breaks, high chance to reach 116.0 - 118.0 level.
NASDAQ Caught The Coronavirus + Rising Wedge BreakdownI think it's obvious that we had a fake out/ liquidation grab coming out of the rising wedge. Ultimately, this pattern broke down within reason and as expected. I think a good measured move should put us about -$25 out of the wedge, that being around $79-$80. I have highlighted some levels in blue that I think you should watch for, especially if you like to scalp, $98, $90, and $82.
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This is not financial advice.
NASDAQ INC (NDAQ) MonthlyDates in the future with the highest probability for price direction reversals
NASDAQ is the doom coming? is time to sell off?Since the beginner of 2019 the Nasdaq NDAQ had a 59% of valorization.
Despite the covid-19 fear and its future impact in the economic, speaking only looking for the graph – and I like decide my investment position looking the graph after a deep analysis in the economic news and traders position – we can see that devaluation in Nasdaq and the SP500 as normal movement. Let me explain better
In the graph we can see the 2019 nasdaq diary movement and this move shows to us the uptrend we suffered in 1 year and this short downtrend in this week can easily be a return to the 200 EMA, respecting the first step in Fibonacci retracement marked in the 103 value for Nasdaq
Despite all the fear in VIX index, I cant understand the downtrend move of this week like a initial bear market, because, respecting Fibonacci and the value numbers of all this uptrend since the beginner of 2019.
I can accept the downtrend and the bear market after the Nasdaq lost the 200 average and, cumulatively, the ultimate Fibonacci level.
All this move and this fear of covid-19, without confirmation of his impact in the world economic is only conjectures and fear
ShortNasdaq reaches uper bound of rising daily channel. we expecting of dropping price. waiting for brake the trend line and support level to short
NASDAQ: Man and Money v Virus - round 2Man and Money won round one over the virus, propping up markets world wide for short time. The skirmish was one by flooding the markets with cheap money and other means of boosting sentiment.
But shortly after round one, the markets began to burn down. A great jobs report in the USA was ignored. A minor 10 min blip north then the markets went south after that.
The NASDAQ is certainly the one to watch along with DJI and other 'tech-heaving' indices.
Today (Saturday), weekend Wall Street (DJI) has continued it's travel south, losing approximately 100 pts.
Disclaimers: this is not financial advice or encouragement to make any particular decision. If you lose your money sue yourself.
Neuroscience makes you a better traderThere’s no right or wrong approach to trading
Day trading, swing trading, high-frequency trading, margin trading, otc trading vs exchange-traded products…. There are so many types of financial products and so many ways you can trade these days and all of them have advantages and disadvantages.
There are no good and bad ways to trade as long as you make profits and you are comfortable with the risk involved or the time you are spending to carry out this activity.
We, at Prop Quant, are advocating for automated trading and there are so many reasons why we are doing this. However, most times we are having a tough time making people really understand the reasons because of their technical nature.
In this post, I will bring a strong argument that supports data-based trading decisions rather than trading based on your feelings and I will point out how neuroscience discoveries are clearly supporting this argument.
Our memory is NOT reliable
Various studies are showing that we cannot correctly remember the details of our past experiences and that our memories are deteriorating over the years. We are wired to remember very important events in our lives and even in this case memory is playing tricks on us.
One study compared the declarations of people who lived the 9/11 drama shortly after it happened and a few years after that and the results showed that their memories were different, even though they were sure that was exactly how it happened.
Also, DNA samples provided different results than what eyewitnesses had remembered in cases of murder or rape which gave irrefutable proof of the actual perpetrator.
About 50% of the details of memory change in a year, even though most people are convinced they are 100% right, according to Elizabeth Phelps, Pershing Square Professor of Human Neuroscience at Harvard University.
Now take a moment and think how this fact would affect your trading decisions if you would solely rely on your memory. Trading is about details and our brain is wired to forget them. So if you see a trading setup which does not have clear rules but you jump in that trade because you are sure you this setup before many times… you could be wrong.
We make things up
An experiment made by Donna Rose Addis ( University of Toronto) had people remember past experience and imagine future experiences and in both cases, the same part of the brain seemed to be engaged.
Another experiment had people recall their teenage years after a couple of decades. They had to re-answer to questions like: “Which of your parents made most of the decisions in your family?” or “Was it easy for you to get a date?”. Their memories turned out to be “uniformly poor”, for most memories “no better than expected by chance”.
This and many other experiments point to the logical assumption that memories and imagination have something in common in our brain.
In other words, we might often think that what we remember has actually happened when it actually is most in our imagination. This would have a huge impact on those of us which rely on our memory when trading.
So if you see a trading scenario and you find yourself thinking: “I saw this play a few years back. The Dow Jones was peaking to years highs, I think it was late May so the summer is starting and on top of this, we all know the saying sell in May and go away. So this has to be a good chance for me to go short” you would better re-consider that and start looking for statistically solid proof for your decision because your memory might not be your best “trading advisor”.
Humans are programmed to make bad decisions
Fear & Greed - the 2 feelings you must have heard of if you are trading. In short, these 2 will potentially ruin your trading account when trading manually and without a consistent plan because you will end up closing large loss trades and small gains. Moreover, most of the retail traders will not respect their trading plan even if they do have a potentially good one.
We use preexisting biases and beliefs to form an opinion. We can end up to strongly believe in something if we hear/see it often or if it is induced to us in various forms.
In trading, this would obviously be destructive because these days, everybody can share their opinion on social media or social trading platforms and even if they’re not backed up by strong evidence we will tend to believe them and actually place trades based on these opinions because we will start to truly believe in them.
The logical thing to do now…
Eventually, trading is nothing more than a game, a rather complex one that we will not get to win if we make our trading decision based on memory, guessing, feeling or social media opinions.
So if we want to win, we first need to fully understand the “rules” of this game and then start making documented decisions, based on real data.
If you think you have a good strategy, test it on real data and try to optimize it on the go. You will never find the holy grail of strategies which will not require changes in years.
Try to code your decision making process. Your ATS (automated trading system) will apply it as it is and only in this way, you will get rid of fear and greed.
Stock market will pump through election cycle...Trump and his friends will do anything to not get someone like bernie sanders to get elected...
I was a Trump supporter last election, i am not even from the US but seeing the US get into another war would be more likely under Hillary and i was never a fan or the Clintons.
Trump probably noticed that the US economy is beyond repair and there will be without doubt some sort of Hyperinflation and financial crisis.
They will unleash qe and all the other long term market destroying mechanisms just so anyone doesnt notice how xxxxed up their economy really is.
If he is in danger of not winning the election they might pull of their wildcard and start a war so trump stays in office, also their whole economy is build on war and oil so that a given.
Im not even anti trump and frankly what the democratic party has to offer is really scary (democratic socialism etc).
So at the end of 2020 we might see a war and or stock exchange collapses or other absurd stuff going on.
Long position on high timeframes, i think we might have a slight pullback now but the FED will make everything ok ;)
Will a stock market collaps help gold? No i think its overvalued too. It might not dip as hard but it will still drop significantly
Call it correction or selling opportunityStrong rejection at 108 level , 3 times
price failed to break above.
support at 106.66 was broken once and rebound.
if it breaks down tonight or this week, we can expect a
short term sell towards 104.50
For those who are already long in this, you can consider taking partial profits
adjust your SL and capital management.
Reinvest part of your profits (make it a habit rather than spend it) to other trade opportunities.
And for those not comfortable with shorting or dun want to, just wait for the next buying opportunity which I will update
US stock market: growth out of control The Dow Jones Index is showing the longest period of growth in its history. Given that this growth is completely divorced from economic development, even the most avid bulls in the US stock market are beginning to doubt about prospects: the growth is clearly out of control.
There is another fact: when the market grows very rapidly in a very short period, it becomes extremely vulnerable to correction.
According to many analysts, a correction in the US stock market is inevitable and its minimum scale is 10% -20%.
Jack Ablin, chief investment officer at Cresset Capital, expects a 15% correction in early 2020.
The problem of the US stock market in terms of continuing the bull rally is the lack of drivers for such growth: the economic growth rate has long lagged behind the stock market growth rate, on the eve of the Presidential election, there are no serious economic reforms to be expected, companies are stopping their share buyback programs, and their financial results for the fourth quarter in a row show worse growth rates.
Perhaps the only chance for stock market growth is an active interest rate cut by the Fed. But the Central Bank made it quite clear that it is not going do that.
Recall, we consider 2019 the last year of unjustified growth in the US stock market. Already in 2020, it is going to adjust. The scale of correction is from 50% and higher. Given that in recent years, shares of technology companies in the US stock market have grown by an average of 7-8 times, the US stock market will no doubt become the object of massive sales. We recommend participating in this process, selling both the market as a whole (Nasdaq index) and the shares of individual issuers (Apple, Microsoft, Alphabet, Oracle, etc.).
NASDAQ LBLS study -Important point to Check before tradeThis idea is based on the LongBuyLongSellIndicator Script. You may find the script here click
Current price is near 107 ,there is no doubt that NASDAQ trying to make Higher and Higher as it has been in green for several candles .Thanks to LongBuyLongSellIndicator showing the green candles with no red in between though there was small downs.
Before making any move higher than 109 and above the price drop must happen and it will touch the 105 level. Check the yellow line drawn along with the price moves that clearly shows the down trend is need of the hour.
Be cautious before making any bull trade . A small fall is expected before any bullback is happening.
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scriptB showing nasdaq is toppingscriptB in scalp mode has shown great buy and sell opportunities over the previous years. however divergence is flagging at the top.
using scriptb with basic volume we can see price has risen on declining volume and as it approaches the top a juicy short can only be imminent.
to learn how to access these scripts please visit tradingscripts.best
POP!! IT'S COMING!What people want me to do is tell them when the bubble is gonna pop!
Well, well - I can see the weather outside my home is setting up pretty badly, but I can't tell when a downpour of rain is gonna come! I'm as I'm so bad at weather forecasting - how on earth could I possibly forecast market crashes?
All I know is that when I see bad weather I'd better wear a raincoat or carry and umbrella - or alternatively don't venture outside! Is that okayyyyy? :) :)
NASDAQ - Resistance reached!Currently NASDAQ showing lag of bearish momentum along with reaching important resistance which suggests that we will see a correction the forthcoming days.
Good luck!
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Short market @ 102.48
Stop-loss @ 105.55
Target 1 : 95.68 — R/R ratio: 2.21
