DLavrov

NASDAQ How to Trade

FX:NAS100   NASDAQ 100 Index
The price bounced from SMA50 but it could not develop further upward movement. If we get a new bearish candle today, probably it will be a signal for the falling to the support zone formed by 7200.00 level and SMA100. Buying from this zone will be more logical based on a confirmed reversal signal. Stop orders for long trades should be placed below the local swing low with profit targets at the resistance level . Also there is another variant for trading in this zone. If the price breaks the support zone , we'll be able to open short trades with profit targets at lower support levels and stop above the local swing high.

Signals from indicators:
- RSI confirmed the price reversal
- MACD confirms the downward movement
- DMI tells us about range market conditions.

Based on the signals from indicators it's more likely that the price will reach the support zone .
Oct 20
Trade closed: target reached
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> Based on the signals from indicators it's more likely that the price will reach the support zone.

Right! Going down to 6200, as it seems.
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Read the small hidden details and double check, if this information is valid and true:

China vs. WTI vs. Trumps Trade War

Turning to fundamental developments in crude oil, the Bank of Kunlun (the main channel for financial flows between China and Iran) is set to stop handling payments from Iran next month according to Reuters. While China has accelerated buying crude oil from the Islamic Republic this year, today's development may suggest that China is set to limit purchases of Iranian crude oil going forward. While there are many signs that supply (particularly from Iran) is tightening, this is a smaller factor today thanks to bigger concerns regarding slowing global growth.

Focus on this sentence:

"today's development may suggest that China is set to limit purchases of Iranian crude oil going forward."

Check the timelines:
https://www.g20.org/en

Focus on this Chart, open it by click on the chart and see the 6 attempts to stop a severe market sell off:




Asian mentality is: Never lose face.

China is offering to USA to break down the Iranian Regime, obviously, if ever this information might be true. China did same with North Korea. Trump now needs to withdraw from his tradwar. China might offer some changes to open its market but it will not surrender.

Focus every day on geopolitics.

Larry Kudrow turned around yesterdays market.


https://www.cnbc.com/2018/10/23/trump-and-chinas-xi-to-meet-at-g-20-kudlow.html

Traders needs to understand, what the effects of November 6th (midterm elections) and 30th (G20 Summit) on stock markets will be. This effect will be huge in both cases.


https://www.cnbc.com/2018/10/23/kudlow-says-stocks-are-falling-on-fear-democrats-will-win-midterms.html




https://www.marketsnow.com/daily-updates/crude-oil/2018-10-24
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Entered some of the more bearish tech sector shorts recently because of current QQQ weakness. QQQ is also trying to get back above trendline support. So far its failing to confirm yesterday's candle that broke back above the trendline.
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Thanks for this! I shorted at around 7620 a few days ago but was becoming a bit anxious with the bounce; certainly glad to see its gone down again. I put a stop loss order in for slightly below my buy in for a free trade (trading fees covered, of course) just in case. Looking forward to seeing how this plays out :) much better trading than crypto lol
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