Daily analysis & day trading setups on NASDAQ NAS100USD 20220818

Happy Thursday,

The battle lines are drawn on NASDAQ. Bulls want to defend 13460 and bring it back above 13570 to march towards 14k.

Bears want to break 13400 & then 13220 to change the direction.

Our line in the sand is at 13500

Macro US Jobless Claims, Phil Fed Mfg Survey

Buy
Break: 13 515, 625, 760
Reversal: 13 360, 295, 100, 025

Sell
Break: 13 375, 310, 125
Reversal: 13 535, 650, 775, 895, 965

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

• NASDAQ
  
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Green Goblin levels are here >>>

Fibonacci Confluence levels are here >>>

Trade closed: target reached:

#Trade 1: Bullish breakout of green fib level. Entry on retracement

#LongTrade: 13417
SL 20 pts
TP1 3:1✅60 pts1/3rd
TP2 5.5:1✅110 pts 2/3rd
#WinningTrade 93 pts avg

Why trade more when you can earn by trading less

Comment:

#Trade 2: Anticipatory entry at the strong blue level F

#ShortTrade: 13530
SL 20 pts
TP1 3:1✅60 pts1/3rd
TP2 5.5:1✅110 pts 2/3rd
#WinningTrade 93 pts avg

You don't need your trend friend to trade this range

Comment:

#Trade 3: Anticipatory entry at the green box for reversal

#ShortTrade: 13530
SL 20 pts
TP1 3:1✅60 pts1/3rd
Stopped out at entry on reversal
#WinningTrade 20 pts avg

You can never go broke taking profits

Comment:

#Trade 4: Bearish engulfing at level F. Entry on retracement

#ShortTrade: 13535
SL 20 pts
TP1 3:1✅60 pts1/3rd
TP1 2:1✅40 pts2/3rd

#WinningTrade 47 pts avg

It works when you #PlanYourTrades & #TradeYourPlan

Comment:

Overall, very productive day on NASDAQ. No big winners but then the range was also quite small with a lot of choppiness. Still no losers

253 pts by risking 20 pts at a time > 12X.

#GetRichSlowly #TradeLessEarnMore

This is how #NDX interacted with my published levels