-Trade at your own risk, this is not financial advice, just holding myself accountable for observational analysis.
Both trades did as expected. with Oil doing a stop hunt before going up. Both Poasitions are now in Profit. Will Leave them open for a while until we shit our TP levels above 90 for oil.
Very similar price action to ES, just with a few extra signatures. I will be awaiting more data for me to make a clear decision where price action is most likely going to draw to.
Hello,Friends! The BB upper band is nearby so NQ1! is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 17922.50. ✅LIKE AND COMMENT MY IDEAS✅
Same idea here as $ES. One thing to note though, is there is relative weakness here compared to $ES. We failed to retake Friday's premarket high on $NQ. We did create a gap of interest below around 598, however the setup isn't as strong. Break of Friday's low @545 and I am interested in buying the dip @489 for strong support.
New record highs on indexes!! The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself. The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow. I think we...
Time & Price 👁 NY PM Session offered beautiful reversal at -5 deviation which beautifuly overlapped with Discount of Dealing Range and H1 BISI (Buyside Imbalance Sellside Inefficiency) Also notice how bodies stayed ABOVE -4 Deviation! It's not random.
4:00pm - ~4:50pm - a few experimental trades but overall a good day - after the 4th trade I cut my risk in hlaf and kept trading PnL: +2 RR
I wanted to let you know that today we are bullish. I confused the analysis with the one from DXY which is bearish. Sorry I wasn't paying attention. Be careful
We reflected on the market and today we are bearish. We only have one medium impact news at 10:15am New York local time. Be careful that today is Friday and usually on Monday and Friday the market is not as precise and does not always respect the strategy you want to apply.
CME_MINI:NQM2024 - PR High: 18657.00 - PR Low: 18640.00 - NZ Spread: 38.0 No significant economic calendar events Pushed ATH to ~18760 - Faded back inside Wed range - Inventory response of prev session low, slight session break gap up - Relatively low volume to start the session Evening Stats (As of 1:45 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open <...
Trade Plan 05/17/2024 Watch overnight PA and consolidation area, after NY Open wait to see if consolidation zone works as Support/resistance or magnet as chop zone. 1. IF Consolidation area works as support, go Long 2. IF Consolidation area works as support. go short 3. IF Consolidation area works as magnet and chops, play the range until it breaks
4pm - 4.55pm -all trades were OK/good imo ---> maybe 4 trades per day? PnL: -1 RR
The price can fall after taking the liquidity of the equal Highs
Considering that at 08:30 we had high impact news, we predicted that the market would go down, but it seems that it did not form a fvg that would give us an entry into the sell. That's why I will wait for him to take the part of sellside liquidity and I will go long. That is why it is difficult to have a precise analysis on the day when you have high impact news....
1. Imbalance below 2. 4hr bearish (tpd twice) 3. 1hr bearish (tpd twice) 4. 45min FSH 5. 30min SSl
seasonal tendency is kicking in! What are your thoughts??
I want to inform you that after doing the analysis, today we are bearish. It is important to take care that at 08:30 we have high impact news. The analysis may change depending on what happens after the news. Pay attention and be careful.