NQ Day Trading

..here's my take on the possible short setting up on the 5min, mindful of the news soon though:
1/. RSI divergence - yes
2/. Break of support - not yet
3/. not yet
4/. not yet

..and here's a buy idea, which is further along the checklist than the short idea - take care all.
edit: 2nd chart, imbalance at the rectangle.

..the long idea is working out but no setup candle, for me.

..for those that took the long above the news candle, a stop loss just below the first candle of the imbalance has given 4R so far if you held through the open. Trailing the stop under each 5 min low gave just over 2R.

..short idea...but favouring a long which is also setting up but earlier in the checklist (2nd chart).

1/. RSI divergence - yes
2/. Break of support - yes
3/. Retrace to imbalance - pending
4/. Entry candle - pending

either one could work. I've found (not 100%) that towards the european close, index prices tend to retrace north, then waiver around a bit.
had some time to watch, waited for the 4585 level consolidation similar to mondays trade. took a short for plus 16T. of course it kept
going south but didn't have time to sit around (phone rang got distracted). still somewhat of a range bound market before payrolls tmro.
good luck.
regards
goma

tuned in shortly after the latest econ release, michigan inflation expectations. looked pretty volatile, ran back and forth to the coffee maker.
added a cumulative ask/bid line graph below to get an idea what was being hit. asks on the way up are bullish, on the way down opposite,
at least that seemed the general trend. looks like another drag up, trap a bunch of longs then sell. pretty much keeping with longer term levels
from what I see. grabbed plus 24T short just above the 4605 level down to near the whole number. hard to tell what happens the rest
of the day but should settle out by noon NY time. hope its going well.
regards
goma

No trading for me yesterday, out & about.

Great trade!

NQ - slow for me today so far, not surprising given cpi and fed this week. In a long atm off a 15min setup. Good luck this week.
Edit: 17:55UK - tightening stop (+26 pts locked) around the round number and 29th Nov high gets re-swept.
Edit: 18:10 - out and done for the day.

great patience. I couldn't watch that long this morning to wait for things to move. too much yuletide to take care of. looks like the
lower yields on the 3 and especially, 10yr treasury auctions got the market rolling. but, it is a busy week so price action should pick up.
regards
goma

NQ - 1st trade today, long off the 2Min in line with the daily chart bias. 2min chart showed some RSI divergence and then entered on a close above the 20sma. Exit around NYC00:00 and the 200sma, for +66T.

..a few more trades and enough for now.

just got back, too much going on this morning for me to check in for long. 30yr treasury auction soon might provide a bit of activity, we'll see.
nice scalps on the NQ, it has been moving a bit better than the ES. rollover week on top of it all makes for challenging trades.
regards
goma

just updating a couple of trades today. nothing yesterday as my schedule was too disjointed to watch during the busier times.
been experimenting with bid/ask cumulative delta for trade entering. charts below show a 15Trange bar, only to get both trades on the graph.
they were taken w/10T bars. my thoughts on this are, a bit distracting (for me anyways) on shorter bars 8-10. overall much better for
longer trends be it bars, time based etc. the asks moving up-down can get a bit noisy in the short term, but stretch it out it seems
to show a clearer picture of larger players positioning and moving the market back and forth. decided to let the second trade run
much longer to see it this would play out. successful with a plus 84T short almost 3 1/2 hours. first trade minus 20T convinced me not
to use this during the chop. will see if it is something going forward as an edge in longer trades. good luck
regards
goma

NQ - finished for the week now and probably for the year! Found it tricky today and took several b/e's. ok in the end.

Hope you've had a good year, generally. I had a cancer diagnosis in the autumn which knocked me for six but thankfully the UK National Health Service has been excellent and i'm now on immunotherapy which continues throughout '24. Fingers crossed it knocks out any remaining nasties. Brings home how important family, friends and in my case, a faith all are. Have a great festive period and New Year...and here's to a happy and healthy '24. Take care.

damn.... sorry to hear about the diagnosis. sounds like you caught it early though and hoping you beat it with a stick. it can be done, personal
experience my 91yr old mother had it twice and beat it both times in her 60's and 70s. looks like your trading success hasn't been affected though.
keep up the good work, and here's to a prosperous new year.
all the best,
goma

well done with your trading goma and noeye. I hope you both have a great time to reflect, learn, and grow into the new year!

Noeye, I'll be praying for you. For peace, trust, hope, and wellbeing!

Don´t give up, my wife is through, clean after 3 years. I heard these days, that you park your car at the hospital, and by the time you meet your doctor, already new therapies arrive, thanks to technology.
All the best.

Happy new year! looking for a profitable and healthy new year for us all.
took a look just before the market open for about 40min. a decent sell off earlier with portfolio adjustment and re-balancing of the heavily weighted
mega's from approx. 30% weight down to about 25%, at least of the ES. probably something similar on the NQ. an apple downgrade probably
didn't help the bulls. managed a plus 12T for my first trade of the year. cujo was demanding a walk so cut it short. looked back in after and
seemed a bit choppy/jerky so will let it alone for a bit. added a keltner channel as a kind of a warning zone for trades in case they start to
turn on me. we'll see it it ends up being a distraction or help. hope you had good holidays.
regards
goma