NAZ rejected at Strong Sell Zone and back there now. The sellers in the zone will defend their turf. Today, Long on White and Short on Yellow. The lower white line is a lower target that I believe will need to be hit prior to a move through Box Top.
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NAZ testing 12585 now, may not get passed 12615. If Not, look to Short the NAZ for morning Near Open or 1st 30M, slight drop/pop. The drop may go to 12525 - 00 level for test/bonce back up to Strong sell zone. The sellers in strong sell zone will return and push the NAZ back down, this is why I took the Close Trade with a Short, yesterday. However, the buyers may become stronger and the NAZ may get through. This is called trading, you need to execute the trade and let it fly. You will get an opportunity each way, both are correct. If you do not have bad trades, you are not trading enough.
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Another Scalp Divergence Example, just look for these or project the next move based on Stochastic and Price Action position. Scalping effectively can generate more points each day than be 100% correct on each runner, in both directions. This is not possible and is "fools gold".
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IDS 20, NAZ may try for 12500 at some point today. Needs to get passed 12600 - 25, if so then 12500 may be out until Dead Zone selloff.
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5 Short at 12598, target 12550
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NAZ will move, you decide direction. I am counter trend focused lately and playing move or the Snap or Flip.
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Feeling move of Drop/Pop this morning. Stepping away and I have stop at 12630
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As I stated NAZ did move at call of 12598 Short, 15 - 20 points Up. This is expected or you can take as Long. I feel the move coming and play the counter. The Drop will happen big soon as the 3-4 day grind is weakening. Do Not flip flop with your bias. Your 1st thought is usually the correct one.
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Stopped at 12630 and back on at 12650.
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Target hit at 12550 hold for more 12500
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stop at 12650
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Sellers are clearly in control at upper level mentioned.
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Bottom 1st 30m hit.
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Longs and short getting beat up, likely lower.
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Closing at 12576
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Back under curve, sideways in Dead Zone to lower.
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Short developing, Under 12600
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Need to see rally selling. Long is actually riskier as snap has not played out.
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Shorting 5 at 12600 or near
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Stop at 12620 or profit.
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Snap or bust, my see some melt up. Low Grinder that may selloff.
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Stepping away, NAZ needs to pass 12542
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Short on at 12600 Stop moved to 12640 Break even.
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Snap should play out to 12542
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Stop at 12600
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12542 hit, droping3
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Closing 2 at 12528
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Scalp Day and Rally selling is here.
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12565 is Key Level for Next short or under. Stepping away and will scalp some.
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Flat but you see the 65 stall. Next test.
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Its like like walking up and down the stairs. 65 rejected needs to break 27
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66 or 27 is next change.
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Looks like rally SELLING is on ALGO's will follow or step in and it is 1 way.
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The machines are locked. Do not fight this.
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1 contract for 50 points or 5 for 10 points is 50. This is why I pick and choose and miss so much. Playing longer runs for 100 points is just not my style these days.
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Now 12530 and under
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Yellow arrow is the Selling Group that defended the level.
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White is confirm and yellow are targets
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Lower Fib Level hit, may want to close as NAZ may lift. Your call.
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You can look Long at 12420 back to 12480
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No trade call just Idea.
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The Long trade is a retrace trap the will most likely sell back down. Use a stop if you take it.
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Reason for 12420 Long, needs to play out or it will drop back under.
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Scalp on previous and 12372 is next target and Outside day reversal
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Long Trade at 12395
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30 Top and let it run up 50 or so.
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Stop hit look to reload
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Reload the Long at 12370
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NAZ should get back above 12373 for retrace trade 50 - 75 points back up.
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1st target 12430
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Stop at 12370 or entry. Let this run up some and trail.
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Dip Buyers should show up, if they are serious.
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73 is key, do not move stop, just reload.
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Lat trade for me, 1 way NAZ is hard to trade. Thinking 2 way today after recent run up, then selloff.
Trade closed manually
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Out, where are the buyers? Should go back up some.
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NAZ got as low as 12350 Yellow Line (open drive) from a few days ago. Did now bounce to 12430. I would of stayed in, had some other distractions today. You can see the chart below and use of targets. Last trade sequence were just some try's as I believe the NAZ is changing direction and is why I have the Curve above.
Thanks @MAZing! I appreciate all the valuable information you give. I have been struggling with my STOPS and this week I learned a lot from you about putting stops and that losing is part of trading. Thanks for all you do and have a wonderful weekend!
jakslo23
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No buyers, because this market is fully fake. I think we now go all the way back to 11600. The same way it grew on the invisible upward line, the same way it will now fall on a similar line, all due to the market being fake and decided by a few dudes.
MAZing
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@jakslo23, Frustrating and hard to trade 1 way routes. It is so easy that it difficult as we are expecting some fight back. This is why I load up on sweet spots. Need to work on this.
jakslo23
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@MAZing, yup, frustrating, but these dudes not gonna go anywhere, so if we want to trade and earn we need to follow this bs. I think it would be most efficient if you change your tactics, use the same indicators because they are great, but look for divergence points that align with the trend of the day, for example, we have bounced from a downtrend and you hunt where it will most probably end to join the trend - this would give much better rewards with less risk. Having said that I think now will be some bounce, or at least we are close to today's bottom.
jakslo23
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@jakslo23, yup, that's the bounce, I would say it will go to 430 or so.
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MAZing, How about next week ？ Will naz up to 12800？