Hello everyone, I'd like to share with you todays NQ trading levels.
1: Market is still lower highs and lower lows. We want to go with the market sentiment so we are looking for sell opportunities today.
2: Our last high @ around 14155 is our key resistance zone.
3: If the market opens below resistance and stays in value area, we consider our first sell opportunity at the key resitance zone.
4: If the price goes below our support zone @ around 13870 before or right after market openging, we see another sell opportunity at our previous support zone which would be our new key resistance zone.
5: As the market sentiment is still bearish, we don't want to look for buys. However there is an opportunity to buy if price breaks our last high @ 14155. Therefore we need some bullish momentum and a nice and clean retest of the previous selling zone.
Please let me know your thoughs and if you like the idea.
1: Market is still lower highs and lower lows. We want to go with the market sentiment so we are looking for sell opportunities today.
2: Our last high @ around 14155 is our key resistance zone.
3: If the market opens below resistance and stays in value area, we consider our first sell opportunity at the key resitance zone.
4: If the price goes below our support zone @ around 13870 before or right after market openging, we see another sell opportunity at our previous support zone which would be our new key resistance zone.
5: As the market sentiment is still bearish, we don't want to look for buys. However there is an opportunity to buy if price breaks our last high @ 14155. Therefore we need some bullish momentum and a nice and clean retest of the previous selling zone.
Please let me know your thoughs and if you like the idea.
Trade active:
Caught the retest after the break as planned in point 4 at 13863.25. Are we going to see another LL today? Maybe.. But our TP would be ydays low.
Trade setup in point 3 is now invalid.
The bullish setup in point 5 is invalid aswell. As we mentioned in point 5, the market sentiment is bearish. Thats why I did't look for buys first place. The odds were small anyways. However its very important to see the market from different perspectives and consider out all different possibilities.
Trade setup in point 3 is now invalid.
The bullish setup in point 5 is invalid aswell. As we mentioned in point 5, the market sentiment is bearish. Thats why I did't look for buys first place. The odds were small anyways. However its very important to see the market from different perspectives and consider out all different possibilities.
Comment:
SL in profit. Just let it run now for the rest of the day until we got stopped out or reach our TP.
Trade closed: target reached:
Hit our TP @ 13606.50 for 256.75 points profit per contract.