I provide a detailed explanation of potential scenarios that could play out tomorrow for NFP. Specifically, I am interested in the current price action on NQ and will be looking for long or shorting opportunities depending on the price action post NFP news.
As today's trading session kicks off, brace yourselves for the momentous unveiling of Continuing and Initial Jobless Claims at 8:30 AM EST – the financial world's equivalent of waiting for a jackpot lottery draw, except instead of winning millions, we're crossing our fingers for signs of a robust labor market. It's like watching a suspense thriller, except the...
The market profile for NQ showed us what to do today. We opened in a spike up from yesterday. When we got acceptance in and above there it was a buy and it nearly made it to the Monday POC. Its still a buy here at 18384 as we look to that POC at 18473, then the VAH at 18527 and finally, Mondays high 18607. Weekly and monthly chart are in a strong trend up and...
Bias:
Short bias towards the 50 SMA on the daily.
Big orders:
short - 18350 and 375
long - 18250
News
Fed speech at 9:15a market time
ISM numbers at 10a market time
will look for entries after 10a market time
We could close the gap to the upside.. so will wait for conformation for short..
If we flush, will wait for price to turn before attempting long.
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Hello,Friends!
Bearish trend on NQ1!, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 17699.50.
✅LIKE AND COMMENT MY IDEAS✅
1. 4hr bullish (tpd twice)
2. Imbalance above
3. Overall buy
4. Low of the week
5. FSL
Price went down to take the Daily SSL, waiting for next 15min candle to see what happens next. Also missed the descending channel that was spotted which an expected downward move to happen but the goal is to catch the retracement.
CME_MINI:NQ1!
“The goal of a successful trader is to make the best trades. Money is secondary.”
-Alexander Elder
As we approach the start of a new trading week I hope that we all are in gr8 spirits!
Now I have developed this High Probable Narrative going SHORT on NQ and below I will explain in gr8 detail my reasoning behind the narrative & what I want to see...
Interesting levels on bookmap
- 18425 for short
- 18380 for long (price just hit that premarket)
My levels
- 18450 for short?
- see how price reactions around 18380 at open for potential long
this is for trading in first hour of the open.
If we break and close below the 1D 20 SMA on the 1H, could slowly go lower for a little bit.. but expect alot of...
