Daily analysis & day trading setups on NASDAQ NAS100USD 20220822

Happy Monday, Happy New Week,

NASDAQ has weakened after breaking 13120. 13k level has psychological importance but important level is 12 875. Further break below 12800 will spell trouble. I am still going to trade Fibonacci Confluence levels.

Macro: US Chicago Fed National Activity Index

Buy
Break: 13 110, 200, 300
Reversal: 13 940, 830

Sell
Break: 13 050, 12 970, 855
Reversal: 13 125, 220, 340, 400

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

• NASDAQ
  
• DAX
  
• SPX
  

Green Goblin levels are here >>>

Fibonacci Confluence levels are here >>>

Comment:

Winning Trade

#Trade 1: Test of zone. Entry on retest (almost identical setup was there on Friday >>> See identical setup

#ShortTrade 13065
SL 20 pts
TP1 3:1✅60 pts
TP2 6:1✅1200 pts
TP3 9:1 pending

Trade closed: target reached:

#Trade 1: Update

#ShortTrade 13065
TP3: 9:1 YES 9:1 THAT'S 180 pts/b

The only lesson to learn is #PlanYourTrades & #TradeYourPlan - everything else is noise

#EasyPeasy #NASDAQ100 #Daytrade #TradeLessEarnMore #NDX #NASDAQ

Comment:

One trade is all you need when you have 9X bagger. On a stop loss of 20 pts, that is 180 pts. Why trade more?

When you trade less, you are exposed less to the market and that automatically reduces your chances of losing in turn increasing your winning percentage.

NASDAQ behaved amazingly with fibonacci confluence levels

And zones...