NAS100 US100 Trade Idea NASDAQConsidering the NAS100 is currently exhibiting a strong bullish trend, there may be a potential buying opportunity if it retraces into a discount zone near the 61.8% Fibonacci level. US100 NASDAQ
Trading involves risks, and past performance is not indicative of future results. Always conduct thorough analysis and consider risk management strategies before making any trading decisions.
Nas100analysis
NAS100USD ( BELOW TURNING LEVEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TURNING LEVEL : there is a blue line around 20,557 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
NEW RESISTANCE LEVEL: there is a green line around 20,742 , indicates if the price breaking turning level create a new resistance level
SUPPORT LEVEL : there is a red line around 20,245 , indicates buying have already increase this level , and in this level create a demand zone
PRICE MOVEMNET : the price stabilizing below turning level around 20,557, in my opinion until the price trade below turning level , reach a support level at 20,245 , then breaking this level reach a next target at 20,083 , if the price breaking turning level create a new resistance level at 20,742
TARGET LEVEL :
RESISTANCE LEVEL :20,742 , 20,871
SUPPORT LEVEL : 20,245 ,20,083
Nasdaq Intraday Review - Tuesday 9 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)
Economic news - None
News - None
Directional bias - BUY
During analysis noted the following:
M TF - current month's candle is 9'300 pips strong, indicative of strong bullish momentum
D TF - is bullish with yesterday's candle closing with a very small upper wick
4H TF - price has moved further than orange profit target, but I suspect that bears might start putting pressure on price.
1H TF - formation of a rising wedge market pattern, marked with dark blue lines. These usually break downwards, but can break in either direction. If the rising wedge does break downwards, the subsequent move down will be significant because the wedge pattern itself is large. Profit target is always the same height as the market pattern.
Noted 2 x areas of interest (areas of interest changed throughout the day because fib levels changed as market kept rising + EMA's moving - but ultimately these were my areas of interest for the day):
Area 1:
Pivot Point + 4H 0.618 fib level
Area 2:
Assuming that wedge market pattern has broken downwards and this area is the wedge profit target + 4H EMA + D 0.50 fib level(ish)
In the morning hours, entered a buy at the hand icon - Confirmations:
Market pattern - DB formed on the 15min TF, with a break of the neckline upwards. Entered on the break of the neckline
Trend - Buy is in the same direction as the overall bullish trend + temporary uptrend formed marked by the bottom pink line of the triangle
Candlesticks - the 1H candle close before this 15min DB entry was a doji candle, indicating that sellers may be losing momentum.
S&R - when the market is very bullish then price will respect the 30min EMA. There was a long wick candle down to the 30min EMA indicating that price was reacting to this dynamic support.
Fib - none
Set a mental SL at half the height of the market pattern as indicated by the think pink line.
Entered only half a position because it seemed unlikely that price would really move up from here with out first retracing.
Price moved up and then back down and price action broke my SL area and I closed at 100 pip loss (losing 100 pips is not a big deal in my books)
So waited patiently for my next set up, but was pretty confident in my Area 2, so set a buy limit for this zone for my full position size.
The area at the mushroom is pretty strong area because it is a strong S&R zone on the 4H TF and the D 0.382 fib level.
Price wicked down to this level and then seemed to reverse.
Watching price action carefully, I entered buys when a DB formed on the 5min TF with a break of the neckline upwards - this DB formed right on the 4H 0.618 fib level and the D pivot point.
I entered further buys when a DB formed on the 15min TF and 30 min TF, meaning that price was giving bullish signals on all the lower TF's i.e. timeframe confluence.
Mental stop was always at half the DB for each entered position.
Now currently, my positions are roughly 300 pips up and secured at entry.
I will leave them running till tomorrow and set TP 1 at a re-test of the ascending wedge pattern.
Sell Fib levels are also shown on the 1H TF, so tomorrow I will be watch for a reversal at these points (seems bulls have already pushed past the 0.382 sell fib level)
Hope you had a good day trading!
Catch ya tomorrow!
What could I have done differently / better?
Pretty happy with my performance today, I was patient and waited for market to give me a signal to buy. I also managed risk well by scaling in my buys as confirmation grew stronger and stronger on the various TF's
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NAS100USD ( CORRECTIVE TURNING LEVEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price breakout resistance trendline , indicates the price is under bullish
RESISTANCE LEVEL: there is a blue line around 20,559 , indicates selling have already increase this level .
SUPPORT LEVEL : there is a red line around 20,245 , indicates buying have already increase this level .
PRICE MOVEMNET : the price between support level and resistance level , in my opinion after the price breakout the resistance trendline price stabilizing bullish , so the price corrective a support level around 20,245 , after rising to resistance level at 20,559, then stabilizing this level reach 20,750 , if the breaking support level at 20,245 by open 4h candle below this level reach a 20,088
TARGET LEVE L :
RESISTANCE LEVEL :20,559 , 20,750
SUPPORT LEVEL : 20,245 ,20,088
Nasdaq Intraday Review - Friday 5 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 +- 13h00 GMT
Economic news - NFP @ 13H30
Directional bias - BUY (overall trend on Nas is bullish - "The trend is your friend")
During analysis noted the following:
Usually don't like trading in the morning before NFP (because often market is just consolidating) - so did my analysis just before the news came out.
I am still figuring out my personal method of trading NFP, but I lean towards trading with the trend and trying to get in on a spike down.
Price was at about the arrow when I did my analysis.
I noted a DT had formed on the 1H TF - neckline and profit target marked with green lines. Profit target = same height as the market pattern.
Also noted that if price dips from where it was at the arrow, then a DT would be formed on the 4H TF - neckline and profit target marked with purple lines.
At the time of analysis, the 4H EMA was right at the profit target of the purple DT.
I have noticed that even during news, very strong areas of confluence can still cause price to bounce (sometimes enough to be able to secure at entry after price has moved 250 pips from entry).
So because I felt that market is still chasing that orange profit target, from the huge orange consolidation triangle, I felt convinced of my directional bias.
I had two strong areas of interest:
Area 1:
Profit target of purple DT + 4H EMA + Strong S&R (previous swing high on 4H TF) + 4H 0.382 fib zone (Fib drawn from swing low at A. to swing high at B.)
So at this area, you would get pattern traders possibly entering, EMA traders possibly entering, fib traders possibly entering and S&R traders
Area 2:
4H 0.50 fib level + D 0.382 fib level + strong support on 4H TF.
So I set buy orders for quite big positions at these areas.
It's risky because NFP can be so incredibly volatile and can just smash so far down that you can bust your account.
Area 1 was 1'400 pips from where price was at the arrow and area 2 was 2'500 pips from where price was.
So be sure your account can handle your buy orders if a large draw down occurs.
Because these 2 area's were so far down, I felt I had to set a buy order somewhere higher.
I identified Area 3:
Profit target of 1H DT + 1H 0.50 fib + 1H EMA + somewhat of a S&R zone on 1H TF.
But because this was so close to where price was, I set a buy order for a much smaller position.
NFP news came out, and my Area 3 buy order triggered.
Had a draw down of about 278 pips and price touched the Daily pivot and reversed (I find it so interesting how price can spike down to a very specific point and then reverse on the spot and fly).
Clearly, many traders had set buy orders at this level.
Price skyrocketed and I feel it is chasing that orange profit target level.
Ultimately price moved 2'200 pips from my position.
My profit target is at the orange profit target line end and I am still in the game (didn't close as yet).
Patience paid off and I am happy to end a relatively quiet week of missed trades (because of work deadlines) with a BANG!!!
Hope you caught this awesome buy and made nice money!
Have a great weekend!
Monday we trade again! :)
NAS100 NASDAQ Technical Analysis and Trade Idea US100👉🔍 In this video, we analyze the NAS100 index. It's evident that the NASDAQ has been showing strong upward momentum in a bullish trend. However, considering today is Friday, I anticipate a potentially sharp retracement with the US100. My strategy involves monitoring the 15-minute chart for signs of sideways movement and a potential reversal, which could present a selling opportunity targeting the previous swing low.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
NAS100USD ( UNDER ADP NEWS ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price breakout resistance trendline , indicates the price is under bullish at 19,926
RESISTANCE LEVEL: there is a blue line around 20,088 , indicates selling have already increase this level .
SUPPORT LEVEL : there is a red line around 19,926 , indicates buying have already increase this level .
PRICE MOVEMNET : the price between support level and resistance level , in my opinion after the price breakout the resistance trendline price stabilizing bullish , so the price corrective a support level around 19,926 , after rising to resistance level at 20,088 , then stabilizing this level reach 20,245 .
if the price breaking support level by open 4h candle below 19,926 easily to reach 19,811 and 19,620
TARGET LEVEL :
RESISTANCE LEVEL :20,088 , 20,245
SUPPORT LEVEL : 19,811 ,19,620
Tesla's Stellar Performance Ignites S&P 500 The U.S. stock market reached a new milestone on Tuesday, July 2nd, 2024, with the S&P 500 closing above 5,500 for the very first time. This historic achievement was fueled by a powerful surge in Tesla's stock price, coupled with positive signals from the Federal Reserve regarding potential interest rate adjustments.
Tesla, the electric vehicle (EV) leader, emerged as the star of the show. The company's stock price skyrocketed by over 10%, propelled by exceeding analyst expectations for their second-quarter deliveries. This impressive feat marked Tesla's second consecutive day of strong gains, solidifying investor confidence in the company's future prospects. The positive momentum surrounding Tesla not only propelled its own stock price but also had a ripple effect on the broader market, particularly the Nasdaq Composite. The tech-heavy index followed suit, closing at a record high itself, exceeding the 18,000 mark for the first time ever.
Beyond Tesla's individual performance, another significant factor contributed to the market's bullish sentiment. Federal Reserve Chair Jerome Powell, in a much-anticipated speech, hinted at the possibility of future rate cuts. This dovish stance from the Fed was met with enthusiasm by investors, as lower interest rates are generally seen as a positive catalyst for stock prices. Chair Powell's comments suggested that the Fed is cautiously optimistic about progress made in combating inflation, potentially paving the way for a more accommodative monetary policy in the near future.
The confluence of these events – Tesla's dominance, the Nasdaq's record highs, and the Fed's softening stance on inflation – created a perfect storm for the S&P 500 to breach the coveted 5,500 barrier. This milestone signifies a period of exceptional growth and resilience for the U.S. stock market. It's important to remember, however, that market triumphs are rarely linear. While the current outlook appears optimistic, there are always external forces that can influence market direction.
Looking Ahead: Sustainable Growth or Market Correction?
The question now on everyone's mind is whether this record-breaking rally can be sustained. Analysts hold varying perspectives. Some believe that the market's current momentum is a reflection of a robust and growing U.S. economy, with factors like strong corporate earnings and continued technological advancements fueling the rise. They argue that the S&P 500's ascent above 5,500 represents a new chapter in market history, and further growth is possible.
However, others express caution. They point to potential risks, such as ongoing geopolitical tensions, potential supply chain disruptions, and the possibility that inflation might not be definitively tamed. These factors, they argue, could trigger a market correction in the future.
Investor Takeaways: Navigating the Evolving Market Landscape
Regardless of one's specific viewpoint, this historic event serves as a crucial reminder for investors. It underscores the importance of conducting thorough research, maintaining a diversified portfolio, and having a long-term investment strategy. Investors should also stay informed about economic developments and adjust their strategies accordingly.
The S&P 500 breaching 5,500 is undoubtedly a significant milestone. It reflects a period of exceptional growth for the U.S. stock market, fueled by a combination of strong corporate performance, optimism about inflation, and potential adjustments in monetary policy. However, as with any market rally, there are always underlying risks to consider. By staying informed, maintaining a diversified portfolio, and adhering to a well-defined investment strategy, investors can navigate the evolving market landscape and potentially benefit from the current economic climate.
Nasdaq Intraday Review - Wednesday 3 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)
Economic news - ADP Non-farm Employment Change + initial jobless claims
Early market close today - volume & volatility may be light today
Directional bias - BUY
During early morning analysis noted the following:
Yesterday the bulls pushed higher, breaking out from the 4H consolidation triangle that had formed. Bulls managed to close the D candle higher than the previous highest D close.
Bulls were flexing muscles yesterday.
Usually the profit target on a break out of a consolidation triangle is the same height as the height of the triangle itself (marked in orange lines). This means that theoretically we can expect a significant move up.
I suspect that price may retrace today - possibly a shallow retracement before moving up because bulls will be pushing for the orange profit target.
Identified two areas of interest (as at 6am GMT) highlighted in green. If price comes to these areas, I will enter a buy at my full position size;
Area 1:
Pivot point + 4H 0.382 fib level (drawn from swing low at A. to swing high at B.) + 1H 0.618 fib level (drawn from swing low at C. to swing high at D)
Area 2:
Top of the consolidation triangle (i.e. assuming market would want to re-test this market pattern) + 4H 0.50 fib level + 4H EMA (EMA was at this area in the morning)
But I think it is unlikely that price will come down this far because the retest of the consolidation triangle already happened on the 1H TF i.e. the red candle close to C. (quite a high time frame thus representing a strong re-test)
Noted another consolidation triangle formed on the 1H TF (as marked by the dark pink lines) during the morning hours.
Entered a buy as price started breaking upwards from the market pattern (indicated by the hand).
I generally don't like to enter on these early morning market patterns because I've seen they are often prone to fake-outs on Nas100.
But I was watching price action carefully on the 5min, 15min and 30min TF's and bulls seemed to hold breakout strong. I entered gradually as my confidence rose that this is not a fake out.
Mental stop was placed below the consolidation triangle (marked with the thick pink line).
Market moved up by more than 250 pips and I secured my trades at entry.
Bears stepped in forcing a retracement and I was out at entry.
Price touched the 1H EMA and this was enough dynamic support to invite bulls back into play.
At this moment I was very distracted with work deadlines an unable to pay the close attention to my charts as I usually do. So I did not re-enter.
But looking back at the candles now, the buy entry at E. was not an easy one. Nas did not give clear confirmation. The bulls momentum candle was right as the US session opened at 14h30.
There was no nice DB on the 5min nor the 15min TF (which are the TF's I use for precision entries).
The bullish momentum candle came up so high that it just didn't feel right (to me).
Perhaps the correct entry would have been at F. which was the re-test of the uptrend pink line and also the 0.618 fib level on the 1H TF (fib drawn from swing low E. at to swing high at G.) But this entry style is not my entry style.
Usually what I do to combat these kinds of situations is to leave a small runner open. So for example if I had a successful trade open yesterday and market moved up +- 2'000 pips let's say...then I would leave a small runner open.
For me, it removes the FOMO I feel when Nas just turns around without much confirmation, because then I still feel like I am "part of" the big move up and dont feel like I am missing out.
Then my runners take advantage of days like today and I re-enter my bigger positions into the uptrend on strong retracement interest areas.
I recently closed all my runner's on the 3 bear day candle closes.
Hope you caught this nice buy!
If you did...tell me how you got in!?
Not trading tomorrow....see ya Friday!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
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!
NAS100USD ( CLOSER SUPPORT TRENDLINE ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price closer a support trendline , indicating the price is under bearish pressure
TURNING LEVEL : a blue line a round 19,903 , which indicates two cases , the first cases until the price trade below 19,903 reach a support level , the second case the price breaking 19,903 , the price created a new historical peaks
RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level between 20,083 and 20,288, when it is created the price by open 4h candle above turning level
SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 19,497 , buying have already increase at this level , this has led to the formation of the demand zone
PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 19,903 , it will attempt to reach support level at 19,497 and 19,116 , stable below this level reach 18,937 , if the breaking this level the price trying to reach a new resistance level at 20,083 and 20,288
TARGET LEVEL :
RESISTANCE LEVEL : 20,083 , 20,288
SUPPORT LEVEL :19,497 , 19,116 , 18,937
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
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NAS100USD ( 4H )NAS100USD
HELLO TRADERS
As I pointed out yesterday , breaking turning level active the bullish direction , rising +275 pip
Tendency the price is a bearish pressure in 19,908
TURNING LEVEL : the price turning level at 19,908 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area
RESISTANCE LEVEL: if the price breaking turning level 19,908 , the price will rise to 20,316 and 20,619
SUPPORT LEVEL : the price trade below turning level 19,908 , it will reach the support level of 19,486 and 19,236 , stable this level reach to 19,109
CORRECTIVE LEVEL : price will 19,908 , correct or swing itself before dropping
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* Thank you , if you support this idea with your likes and comments , I hope you a profitable week 🤍
NAS100USD ( short direction )NAS100USD
HELLO TRADERS
YESTERDAT , As mentioned until price trading below turning level decline aimed first target +300 pip , today the price still bearish pressure , until the price trade below turning level at 19,688 , short direction of the price .
Tendency the price is a bearish pressure in 19,688
TURNING LEVEL : the price turning level at 19,688 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area
RESISTANCE LEVEL: if the price breaking turning level 19,688 , the price will rise to 19,905 and 20,092
SUPPORT LEVEL : the price trade below turning level 19,688, it will reach the support level of 19,486 and 19,236 , stable this level reach to 19,109
CORRECTIVE LEVEL : price will 19,688 , correct itself before dropping
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* Thank you , if you support this idea with your likes and comments , I hope you a profitable week 🤍
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..
you need more my ideas. follow me.