TRADING JOURNAL - 3.5.2024Post 24 Hour Analysis - 3.4.2024 Initial AM Sell Setup - Morning Analysis based on ICT's 2022 Mentorship.Shortby nxthxnie10
NQ - Trend Is Your FriendSimilar to ES, all time highs has been created. Awaiting dollar to create lows which would give NQ strength to run through all time highs. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTANShort09:31by LegendSinceUpdated 2
NQIs this where the Nasdaq finally respects the black uptrend line/RSI divergences? Or does it still not matter?by Essendy0
Nasdaq GO TO 18651 💣💣The Nasdaq is at the top and is continuing and ready to jump more again... We have a hot week for data in America, and any negative news for the dollar will be in favor of the Nasdaq to rise more. We also have NFP data on Wednesday and Friday, and the positivity of these data will be in favor of the Nasdaq and vice versa.by HejaaaUpdated 554
NQ Range (03-04-24)KLOD is 18335, look for NAZ to rotate 30 points above/below KLOD prior to break out. Pattern has been O/N drop (18312 O/N low) and pop into Open or near with O/R drop retest and sideways until Close. 18350-320 may be Open Range today. Friday Long play through Monday is also a pattern with sell off near or during Tuesday Reg Session. Orange Zones below are FA's and can be easy drop targets. Use MA's for entry/targets, I will update on Teams.Shortby MAZingUpdated 9
NQ Power Range Report with FIB Ext - 3/5/2024 SessionCME_MINI:NQH2024 - PR High: 18254.00 - PR Low: 18217.50 - NZ Spread: 81.5 No significant calendar events Continuing inventory hunt below prev session close - Mechanical response to PR-1, dip below - Relatively avg vols to start session - 50% area of Friday's range Evening Stats (As of 12:15 AM) - Weekend Gap: +0.08 (filled) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 230.55 - Volume: 29K - Open Int: 295K - Trend Grade: Bull - From BA ATH: -0.8% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone Shortby mv3trader51
NASDAQ 100, LongNASDAQ 100 finished in February 2024 with a record high of $18386.25 however the growth will continue after a structured retracement to the target support at $18121 between the 4hr EMA 20 and 50 and my target resistance is $18474. Support: 18121 Resistance: 18474Longby AbeikuGlobal_FX114
NQ, Long Opportunity With Reduced RiskIn recent weeks, the Nasdaq has experienced a notable uptrend, largely propelled by positive earnings news from key companies within the index. This surge comes despite the Commitment of Traders (COT) showing only a slight and hesitant increase since the beginning of the year, hinting at market participants' growing interest in continuing this bullish trend. Historically, the Nasdaq has shown a bearish seasonality across major time frames (5, 10, and 20 years), predicting a market bottom towards the end of the first week of March. Contrary to this statistical trend, the asset did not exhibit any signs of decline. Instead, it reached new historical highs, demonstrating significant relative strength compared to its historical records. Risk indicators like the Value at Risk (VaR) and Downside Risk are currently indicating a reduced risk level compared to the annual averages of the indexes, suggesting a state of relative calm among investors. The VXN, the Nasdaq’s option volatility index akin to the S&P500's VIX, has been on a downtrend for months, recently stabilizing at the 17-point level, further signaling investor tranquility. Volume indicators, including the Accumulation Distribution, On Balance Volume, and Price Volume Trend, all confirm the bullish trend without any divergences, suggesting that the current uptrend could continue into the future. Despite these bullish signs, indicators like the SAFE HAVEN DEMAND and JUNK BOND DEMAND—reflecting the difference in 20-day stock and bond returns and the yield spread between junk bonds and investment-grade bonds—indicate a greed condition. This has pushed the sentiment fear and greed index into cautionary levels. However, overbought technical indicators do not currently signal an imminent correction, which would typically warrant caution. From a price action perspective, the Nasdaq has been in a clear uptrend since the beginning of the year, consistently validating its support and resistance levels within an upward channel on the H4 timeframe. Given these conditions, the strategy involves waiting for the price to reach the 18150 level, which represents a previous all-time high broken dramatically in recent sessions. If reached within the cyclical terms indicated by OmegaTools' Cycle Oscillator, this level should also coincide with the median line of the aforementioned channel, further acting as a support level for the price. To optimize the trade, we should wait for price strength, rejecting closures below the indicated level, possibly using a more reactive indicator or observing the creation of bullish structures characterized by increasing highs and lows on lower timeframes. This swing trading operation suggests a stop just above 18000 points, sheltering behind the last minimum internal structure. The take profit is more ambitious, aiming to ride the ongoing trend with a first partial target at historical highs around 18380 points, and a second, full closure target at the upper part of the mentioned channel when the price shows signs of weakness around 18600 points. This trade strategy boasts a reward-to-risk ratio of over 3.5, underlining the substantial potential for profit relative to the risk involved. DISCLAIMER : This analysis is not financial advice. Investing in financial markets involves risks, including the potential loss of capital. Always conduct your own research and consider seeking advice from a financial advisor.Longby OmegaTools5
TRADING JOURNAL - 3.4.20243.4.2024 Post Lunch AM Buy Setup Update - Morning Analysis based on ICT's 2022 Mentorship.Shortby nxthxnie11
Can the HOUSE capitalize on this NQ FIB SHORT...?CME_MINI:NQ1! This is a projected Short that could happen based off the Daily FIB...Now here is what I see rock w/ me! 1) Price is currently trading around 127.20% Fib Level on the 4Hr TF.... * I want to see Price sweep the high and touch 141.40% pricing around ($18341.50) and then fall off a cliff! 2) If buyers can push price up & touch 141.40% Fib Level and then sellers step back in and drive price back down towards 127.70% Fib Level and even close underneath on both the 30&15m candle sticks then i'll be interested in going short. (If and when) 3) I want to see price close under ($18315.00) which will be considered a 1Hr CHoCh on both the 30&15m candles before I enter the market short targeting the unmitigated 4Hr Demand zone below or 100.00% Fib Level... Roughly around a 730 pt move... We can easily catch a solid 2.5-3R % Gain depending on your management system and STOPS! **Also price needs to be trading underneath the Red V-Wap on the 1Hr TF as a last min. confirmation to enter SHORT... 4) Remember nothing is set in stone...These are just my projections & we play the longterm game of 'PROBABILITY' in our favor and let me tell you, I am very confident in my reading of PA... ***This is how we eat!! ***Stay Dedicated, Stay Focused...Its time! Now Let's sit back N stalk like the saltwater CROC!! #BHM500K #NewERA Shortby TreyHighPwrUpdated 3
NQ Power Range Report with FIB Ext - 3/4/2024 SessionCME_MINI:NQH2024 - PR High: 18365.75 - PR Low: 18327.75 - NZ Spread: 85.0 Key economic calendar events 09:45 | S&P Global Services PMI 10:00 | ISM Non-Manufacturing PMI - ISN Non-Manufacturing Prices Small weekend, inside bar gap up, partially filled - Low energy creep back to ATH - Relatively strong daily momentum bar, long - ATH 18372.75 Evening Stats (As of 12:15 AM) - Weekend Gap: +0.08 (open > 18322) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 236.10 - Volume: 25K - Open Int: 304K - Trend Grade: Bull - From BA ATH: -0.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone by mv3trader51
A small Trade On NQthe least you can do is win the 100 Ticks but you can follow the market with the stop after 100 ticksLongby Zariouh0
NQ Weekly Levels (Mar4-8)On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion market value for the first time, while AMD also hit a record high. Investors are cautiously monitoring potential Federal Reserve interest rate adjustments. Despite some economic weaknesses, signs of a rebound were seen, contributing to lower U.S. Treasury yields. Weekly results: SPX up 0.95%, NDX up 1.74%, DIA 0.11%. This week we look ahead to a slue of employment data including Nonfarm Payrolls on Friday. SUMMARY NQ gained 2.01% las week after trading in a wide range of 546 pts. NQ has now closed 4 weeks above the 2021 high R1 = LTF 1.272 Fib X (18328) R2 = LTF 1.618 Fib X (18599) S1 = Feb 12th High (18121) S2 = 9 ema (17966) NQ up 27% since the Oct low Data weak enough to keep rates down but strong enough for earnings growth Market believes election year will provide support Key earnings reports are : TGT, COST, AVGO, KR, RIOT, NIO, ROSS & JD Key econ data = PMI Tuesday, Boc Rate Decsion Wed, Powell on Thursday & NonFarm Payrolls Friday Long bias remains absent any new information Limited resistance levels above make large whole number very important. Watch for small cap growth to finally take off. RSI 65.34 | VIX at 13.12 | 10 year 4.18% by WadeYendall5
Elliiott Wave Analysis for NQThe expanding triangle on the fourth leg and demand around 0.38 makes me think this might be worth watching. After all time highs, we may observe profit taking in March and April. But we're also transiting into a Risk On environment and presidential election period may keep markets bullish with a relatively weak USD, in order to boost the labor market. by simplestupid114
NQ--Bullish, but watch for short term rallies from singleprintsWe should test last weeks Volume value area. Watch for rejection from Fridays lower distribution. initial thoughts on PA and weekly alone. Bulls maintained the previous excess high, and we spent most of the week building value in the prior weeks upper distribution. There will have been alot of stops above this excess high Does it mean sell? not necessarily. we're building value at higher prices week by week. The market is bullish on all TFs The market established value above the prior balance area----this is acceptance of the breakout. Watch DXY, and we also have true gaps to fill on both ES and NQLongby thefuturesnetwork223
NQ Weekly Sniper Precision Shorts With CME_MINI:ES1! and CBOT_MINI:YM1! trading at all time highs, CME_MINI:NQ1! is the only pair that has spiked, failed to close above previous highs as well as printing a bearish shooting star which could indicate that CME_MINI:NQ1! could lead first into Sellside liquidity. Was looking of for a selloff last week and although we got what I was looking out for, I do believe more pain to the downside is pending. EQ is based @ 17,758.75 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTANShort14:54by LegendSinceUpdated 0
larry williams + ICT create the best swing trading startegyentry: percentR indicatory is on minus 67 and prior days closing price is in a fair value gap area or half of a prior down wick securing profits with a trailing stop below prior days low backtest shows pyramiding 7 times with 1 contract had a 1 million $ reward on NQ in last yearLongby responsibletrad8rUpdated 0
NQ Range (02-29-24)Look Long today or tomorrow, U Turn on the way or down the NAZ will go. Yellow arrow is range for break out, NAZ is in ML of O/N Range, KL 17867 look short below and long above, Orange Zones are targets for redirects if it, above 17908 is strong long. Final day of month and tomorrow is 1st day of March and a Friday, could be great set up for the Friday-Monday Magic Long Only dance. I will update on Teams.by MAZingUpdated 227
Do we run out of steam?Saving this ghost candle idea for fun. It's been a decent run to say the leastShortby vincefromaspects0
NQ UpdateRSI hit overbought, ES RSI isn't there yet, so possibility of more pump Monday. Going all cash for the weekend, will look at possibly shorting something Mondayby hungry_hippo6
NQ Buying OpportunityThe NQ is heading up. It dipped down creating a good time to enter long already. If you missed it today the market should dip back down creating another long entry for swing trading. Longby hope4blueskyUpdated 0