Here is the 1st setting opportunity for today:
- #24
- Jul 10, 2024 7:53am Jul 10, 2024 7:53am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
NQ is almost around the top of ABCD pattern (20563). It's also providing a double top. Here is my expectation for today. The break and test of the TL prior to CPI. An overshoot or even inline CPI will send NQ down.
Today, I will wait to see the reaction at 20563.
Today, I will wait to see the reaction at 20563.
- #25
- Jul 10, 2024 9:25am Jul 10, 2024 9:25am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
NQ went to the top and we got a nice rejection. With the test of the top, I will sell.
- #26
- Jul 10, 2024 10:11am Jul 10, 2024 10:11am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
I updated my chart and I entered with a small long position to test the top. Will sell if price tests the top and time allows me to do so before the end of NY session.
- #27
- Jul 10, 2024 11:37am Jul 10, 2024 11:37am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
I updated my chart and I entered with a small long position to test the top. Will sell if price tests the top and time allows me to do so before the end of NY session. {image}
- #28
- Jul 10, 2024 2:16pm Jul 10, 2024 2:16pm
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Here is the opportunity to go short with a very little risk and a huge reward.
- #29
- Jul 11, 2024 8:31am Jul 11, 2024 8:31am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Possible scenario for today after very good CPI data for Equities and bad for Dollar. Not much up as September rate cut is already/almost priced in.
- #30
- Jul 11, 2024 8:49am Jul 11, 2024 8:49am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Today's setup after breaking and testing 20689
- #31
- Jul 11, 2024 9:45am Jul 11, 2024 9:45am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Cancel previous plan!
New plan: Will buy at previous Weekly High.
New plan: Will buy at previous Weekly High.
- #32
- Jul 12, 2024 7:40am Jul 12, 2024 7:40am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
After PPI data, here is my today's to sell. Price will test the top of the range and continue down. This will be helped with a bad Consumer confidence (in a few minutes).
- #33
- Jul 12, 2024 9:08am Jul 12, 2024 9:08am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
I took this Sell entry as Consumer Confidence data was bad.
- #34
- Jul 15, 2024 6:47am Jul 15, 2024 6:47am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Good day/week!
Here is my plan for today. My bias is with scenario 2.
Here is my plan for today. My bias is with scenario 2.
- #35
- Jul 15, 2024 9:35am Jul 15, 2024 9:35am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Clearly scenario 2 won!
Here is my planned entry
Here is my planned entry
- #37
- Jul 16, 2024 7:31am Jul 16, 2024 7:31am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Same scenario as yesterday: Rinse and repeat! Same entry, same STP and same TPs. For transparency, I changed my STP rule from price hitting my stoploss level to the candle has to close at or above my stoploss level to be triggered. Because I noticed many times as soon as STP hit, price goes to your direction. For instance, yesterday my TP1 and TP2 were hit. Here is today`s plan:
- #38
- Jul 16, 2024 9:01am Jul 16, 2024 9:01am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Same scenario as yesterday: Rinse and repeat! Same entry, same STP and same TPs. For transparency, I changed my STP rule from price hitting my stoploss level to the candle has to close at or above my stoploss level to be triggered. Because I noticed many times as soon as STP hit, price goes to your direction. For instance, yesterday my TP1 and TP2 were hit. Here is today`s plan: {image}
- #39
- Jul 17, 2024 6:36am Jul 17, 2024 6:36am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
{quote} NQ didn't retrace to my entry level. Here is my new Sell entry level. {image}
- #40
- Jul 17, 2024 8:13am Jul 17, 2024 8:13am
- Joined Jan 2016 | Status: Trader | 3,916 Posts
Today's plan:
So far, NQ behaved as expected. I think it will continue down after a small retrace. We have a bearish flag at 15mn TF. With NY opening, price should test the flag and resume downtrend to reach my final target for today.
So far, NQ behaved as expected. I think it will continue down after a small retrace. We have a bearish flag at 15mn TF. With NY opening, price should test the flag and resume downtrend to reach my final target for today.