Nasdaq Intraday Review - Tuesday 2 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Directional bias - BUY because for me there has not been a reversal market pattern on a high TF (at least the D TF).
During analysis noted the following:
M - June M candle closed with a massive bullish candle which was 16'886 pips in size. May M candle was 16'453 pips in size - so there is no slow down in bullish momentum on this high TF.
W - Last W candle close also could not break the resistance at 19'740 and closed in a doji candle. So now we have a shooting star candle + a doji candle + a colour change candle on the W TF. So this could indicate that bulls are losing momentum at this point. Price could either be stalling at this point and then push further up or price could be stalling with bears stepping in. So further confirmation is needed.
D - Potential DT forming with the neckline right at the resistance level that can't be broken on the W TF.
4H - Massive consolidation triangle forming (you could see it clearly this morning on the 4H TF if you change chart type to line chart, marked in orange lines ((although now broken upwards at time of writing)) Also a large DB formed with neckline broken up and price retesting neckline.
Entered a buy at 19'755 (as indicated by the hand) - Confirmations:
1. Market pattern - DB formed on 30min TF (marked in turquoise lines) with neckline broken upwards. Entered at break of the neckline. This DB formed right at the area of weekly resistance and above the pivot point, indicating that market is rejecting this area and bulls are stepping in to possibly break this zone. Also on the 15 min TF, there is a DB right at the pivot point , with nice long wick candles sticking out below the pivot point, indicating that bears pushed hard to break this support zone down but bulls fought back and held the zone strong (candlestick confirmation). Timeframe confluence also exists because we have a DB formed and completed on 15min TF + DB formed and completed on 30min TF and DB in progress on 1H TF + this zone represents the re-test of the neckline of the 4H DB so clearly price is rejecting this 4H neckline and ready to move up.
2. S&R - market clearly rejecting the daily pivot point
3. Fib - 4H 0.382 is in the same zone as the pivot point
4. Trend - overall Nasdaq is bullish and trade is in the same direction as overall trend - "the trend is your friend". Plus current temporary uptrend line (bottom of consolidation triangle on the 4H TF)
5. Break & re-test - 4H DB break of the neckline and re-test
SL was a mental stop placed at the thick pink line (i.e. half the height of the DB market pattern)
Market moved up the full profit target of the market pattern (i.e. the same distance up as the height of the market pattern)
Then price came back down to re-test the neckline, but bulls couldn't hold strong and price pushed down further.
Usually I would secure my trades at entry after price moves 250 pips from entry. Unfortunately, price only moved up 240 pips and then moved down.
So took a loss of about 300 pips when my SL hit.
Not sad about this entry - it was based on good confirmations on high timeframes.
Then I missed a great entry due to a mistake I made during my morning analysis.
For the D TF, I drew my Day fib from swing low at A to swing high at B.
I should have drawn my Day fib from swing low at C to swing high at D - reason being because market had already retraced at C. so this should have been my most recent swing low.
Such a rookie error! Can't actually believe I made this mistake.
But had I drawn my fib correctly, I would have identified a really strong area of interest (marked in the green highlight on the 30min TF).
This was an area of confluence because it was the intersection between the orange uptrend line, the 4H and the D 0.618 fib.
Under usual circumstances I would have entered at such a strong zone because price would for sure bounce from this zone. Probably bounce enough for me to secure my trade and then if bears persist, market would take me out at entry.
So I missed this trade and market moved up 3'000 pips - OUCH!
But I live to trade another day!
Hope you caught this great buy and made nice profit!! :)
What could I have done differently / better?
My real issue here was that I was using my old charts from last week. Usually I would use fresh charts each week. Essentially being lazy and not creating a new set of charts for this weeks trading, caused me to rely on old fibs.
Laziness will always bite you in the behind!
Nas100analysis
WEEKLY FOREX FORECAST: INDICES, GOLD, SILVER, US OILThis is Part 2 of the Weekly Forex Forecast.
In this video, we will cover:
S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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NAS100 (NASDAQ US100) Technical Analysis and Trade Idea👉 In this analysis, we focus on the higher time frame charts for the NASDAQ 100 index. Currently, the charts indicate a bullish outlook. However, it’s important to note that this assessment is speculative and not a definitive prediction. To confirm a true reversal, we must closely monitor specific price movements. The accompanying video provides an in-depth analysis of the trend, market structure, and price action. Remember that trading carries substantial risk, so always prioritize robust risk management strategies in your decision-making process. 📊✅
NAS100 OR US100 EVERYDAY TRADE SETUPDear All,
This my idea for Short. NAS100 collect BUY side liquidity And RSI overbought NOW market ready for short .
this is my ideas only. what you are flow your trading statistics you can continue. If you like me idea follow me..
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NASDAQ Next week expectation #NAS100 Next week..!
The price reaches the highest level. And this should be retested. Because 13th of June reaches this price and falls down to 19,479 level.
But in a low time frame still running between the Accending channels. But the movement is bearish Because 2 times it is tested with treeline.
However once the market opens if the current 4H candle end below 19670 can go for sell to 19352 level. And the buy area located at 18753 - 18933 according to 4H timeframe
*My trading plan. Trade at your own risk good luck
NAS100...Historically Bullish With Weekly Sell OpportunitiesNAS100 is and has continued to be a bullish instrument...what this means is that if you have entered on any LOW's on the bigger timeframes, you could have continued to hold forever and still be in profit despite the retracements on the smaller timeframes.
There have been great sells in recent times that have provided great profit opportunities, however that requires extreme skill and great patience.
While my bias is still towards the buy, I took a sell opportunity based on the fact that the price registered an all time high (ATH) on Friday June 7th, 2024)...This move will end with a HL on a timeframe bigger than the H1, hence creating another buy opportunity towards another ATH.
Friday's Sell entry was as follows:
Entry: 19105.3
TP: 18904.1
As always guys...I am not a signal service provider and there are trades that I will take an not post as time may not allow, so please do not look to me for guidance as to how I am entering or exiting...this is just for informational purposes only.
Important: NAS100 is always bullish, which means, I take Lows to Highs for buys and High to lows for sells.
Zig to Zag = Buys
Zag to Zig = Sells
#auberstrategy
#aubersystem
#whywewait
#zigzagtheory
#patience
You can check my video profile to see a visual explanation entitled "NAS100...The week Ahead 6/9 - 6/14/2024"
nasdaq look downsatoday in the market. in NQ futures we have a range above a a gap.
we seem to be trading below the mid point of the lower part of the range.
so we are looking for a short.
first entry in 19,842 with stop in red and target in green 19,760 first target and 2 target closing the gap at 19,612.
we seem to be having more selling preasure in the range we are at the moment.
embrace the loss to unlock the green days.
NAS100 NASDAQ Technical Analysis and Trade IdeaIn this video, we delve into a concise analysis of the NAS100 (NASDAQ US100). Despite recent bullish momentum, it’s currently overextended, reaching all-time highs. Our primary objective is to pinpoint a suitable buy entry point within this critical support zone, assuming price action aligns with our analysis from the video.
As always, the video imparts valuable insights on trade entry points, trend analysis, market structure, and price action. Please bear in mind that this content is for educational purposes only and should not be construed as financial advice. 📈🚀📊
NAS100 I Sentiment remains bullish I watch for these key areasWelcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Nasdaq buy setup institutional tactics hello traders this is my nas100 buy setup
risk reward 1:10
the system: institutional tactics
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wish you good luck and good trading
i would like to have conversation and share our ideas and know you good people
remember the flow state is important
Flow , Glow and know and never blow
US100 NAS100 Technical Analysis and Trade Idea Taking a comprehensive view of the NAS100 (NASDAQ) , we observe a prevailing bullish trend, particularly evident when analyzing the weekly charts. Notably, we’ve identified bullish price action—a decisive break in market structure on the 4-hour timeframe—which could potentially shift the 4-hour trend to bearish in the short term before it continueds bullish. In our video, we delve into trend analysis, explore price action dynamics, dissect market structure, and introduce key technical analysis concepts. Toward the video’s conclusion, we present a trade idea. It’s essential to emphasize that this information serves educational purposes only and should not be construed as financial advice. 📈🚀📊
NAS100 NASDAQ Technical Analysis and Trade IdeaThe US100 index demonstrates a strong bullish trend on the daily timeframe. Our main goal is to identify a buying opportunity that aligns with this trend. Assuming price action unfolds as described in the video analysis, favorable trading conditions are anticipated. The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
NAS100 I Potential scalp & intraday long from support Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
NAS100 FORECASTThe previous updated analysis on NAS100 indicates that it has successfully reached our full target. Currently, it is expected that the prices will fluctuate within the range of 18,890 to 18,712. However, if the pivot line at 18,712 is breached, the decline is likely to extend to 18,642.
Key Levels:
Bullish Line: 18890, 18970, 19050
Pivot Line: 18712
Bearish Line: 18805, 18642, 18548, 18330