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  • #81
  • Jul 30, 2024 7:10am Jul 30, 2024 7:10am
Quoting Fadhl
Here is my planned Sell entry. From TA, it's correct to go blind with it, but we have US data news coming in a few minutes; so better to wait... {image}
We got strong data from US. Consumer Confidence is supposed to be good for equities. Hence I cancel my entry until the top of the range to see if we will have a break up or rejection. My bias is a rejection to confirm the consolidation phase.
  • #82
  • Jul 30, 2024 7:58am Jul 30, 2024 7:58am
NVDA has tested again 106 level. A bounce is expected. US Equities should follow.
Attached Image (click to enlarge)
Click to Enlarge Name: NVDA_2024-07-30_10-56-47.png Size: 34 KB


I bought a small NQ position targetting the top of gthe range.
  • #83
  • Jul 30, 2024 8:26am Jul 30, 2024 8:26am
Quoting Fadhl
NVDA has tested again 106 level. A bounce is expected. US Equities should follow. {image} I bought a small NQ position targeting the top of g
the range.
I closed my position. I don't like price reaction at key levels! Still room to the downside for NVDA, hence NQ.
Will see how it goes until the end of the day.
A retrace up is coming, we're close to the bottom of the range.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-07-30_11-26-04.png Size: 46 KB
  • #84
  • Jul 30, 2024 11:48am Jul 30, 2024 11:48am
Quoting Fadhl
If no candle (body of the candle) closes above 19228, which is the plan, price should go to test the low of the range. So, buyers will try hard to close above that level; as soon as they give up, jump in. {image}
As expected, Price reached the low of the range. I took advantage of some of it. Today I was empty hands!
Now, we have H1 candle closed below the low of the Range which means a further drop is coming. On the other hand, taking profit is underway. Can we have another push down during the close? No idea.
The only advice to provide in case you want to jump in, make it quick and run.
See you tomorrow...GL!
Attached Image (click to enlarge)
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  • #85
  • Jul 31, 2024 5:33am Jul 31, 2024 5:33am
NQ is behaving as expected. Price tested the low of the range, trapped late sellers and moved up to test the top of the range. So rinse and repeat!
Today we have major news. I will share any opportunity for intraday position. This said, I'll sell at the top of the range.
Attached Image (click to enlarge)
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  • #86
  • Jul 31, 2024 6:53am Jul 31, 2024 6:53am
NQ went back to the top of the range.
Here is my planned entry as long as this H1 (body of the candle) does not close above the range.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-07-31_09-50-44.png Size: 36 KB
  • #87
  • Jul 31, 2024 7:31am Jul 31, 2024 7:31am
Quoting Fadhl
NQ went back to the top of the range. Here is my planned entry as long as this H1 (body of the candle) does not close above the range. {image}
Thank you very much for sharing your brilliant technical analysis. I have learned a lot from you
Regards
  • #88
  • Jul 31, 2024 8:09am Jul 31, 2024 8:09am
Quoting Fadhl
NQ went back to the top of the range. Here is my planned entry as long as this H1 (body of the candle) does not close above the range. {image}
As H1 closed above the range, I canceled my entry and looking for a BUY opportunity. Thanks and GL!
  • #89
  • Jul 31, 2024 8:25am Jul 31, 2024 8:25am
With the break of the ST Range, Price should go up. We have the FED this afternoon. Based on the outcome of the FED Conference, we should have:
1- a quick zigzag (down and up): if the outcome is inline (i.e., expecting a rate cut in September; Inflation is down; no recession). With the test of the top of that broken ST Range, I will Buy. This is my expectation.
2- a Sell-off: if bullish outcome (i.e., no rate cut; inflation is still steady up). This scenario has a low expectation.

Advice: Do not jump until break and test of your entry level be it buy or sell. Be patient!
Attached Image (click to enlarge)
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  • #90
  • Jul 31, 2024 8:30am Jul 31, 2024 8:30am
Quoting jjibl
{quote} Thank you very much for sharing your brilliant technical analysis. I have learned a lot from you Regards
You're welcome
  • #91
  • Jul 31, 2024 9:17am Jul 31, 2024 9:17am
Quoting Fadhl
With the break of the ST Range, Price should go up. We have the FED this afternoon. Based on the outcome of the FED Conference, we should have: 1- a quick zigzag (down and up): if the outcome is inline (i.e., expecting a rate cut in September; Inflation is down; no recession). With the test of the top of that broken ST Range, I will Buy. This is my expectation. 2- a Sell-off: if bullish outcome (i.e., no rate cut; inflation is still steady up). This scenario has a low expectation. Advice: Do not jump until break and test of your entry level be it...

Hello
I like your idea
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  • #92
  • Jul 31, 2024 10:42am Jul 31, 2024 10:42am
NQ has retraced to my buy level, but I did not enter because of the FED in less than 20 min. Will wait until almost the end of the conference.
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  • #93
  • Jul 31, 2024 12:00pm Jul 31, 2024 12:00pm
Inline FED Outcome.
Here my Buy Limit
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  • #94
  • Jul 31, 2024 12:29pm Jul 31, 2024 12:29pm
I'm in
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  • #95
  • Jul 31, 2024 1:07pm Jul 31, 2024 1:07pm
Quoting Fadhl
I'm in {image}
TP1 hit and moved STP to BE.
Attached Image (click to enlarge)
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  • #96
  • Edited 2:01pm Jul 31, 2024 1:24pm | Edited 2:01pm
Hello,
I appreciate your work a lot. I traded US500 but not really successful. I watched the Nasdaq several times and give it a try. I am still in the beginning of my learning in trading.
I found you here with your strategy and just kept watching what you do. I like it very much and will use your explanations.
And you are right we don't need much, not thousand of indicators etc. :-)
Thanks a lot!
  • #97
  • Aug 1, 2024 5:33am Aug 1, 2024 5:33am
Quoting PeBe
Hello, I appreciate your work a lot. I traded US500 but not really successful. I watched the Nasdaq several times and give it a try. I am still in the beginning of my learning in trading. I found you here with your strategy and just kept watching what you do. I like it very much and will use your explanations. And you are right we don't need much, not thousand of indicators etc. :-) Thanks a lot!
You're welcome
If you've any question on my strategy or anything else, please do!
  • #98
  • Aug 1, 2024 5:41am Aug 1, 2024 5:41am
Good day!
We had the monthly close yesterday. In my view, it's a bearish close. So I expect NQ to test the top of the month, then resume the downtrend. Keep in mind that the main direction is up. We have HH, it needs a HL to continue up and make a new HH.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-08-01_08-09-49.png Size: 31 KB


From daily perspective, yesterday was a strong bullish candle. So we should expect a continuation up.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-08-01_08-20-10.png Size: 39 KB


For our Intraday opportunity, Asian session was in a consolidation and London opened with a strong bearish candle, then a retrace inside that bearish candle; so quite a consolidation behavior.
For NY session, I see two scenarios:
Attached Image (click to enlarge)
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  • #99
  • Aug 1, 2024 7:55am Aug 1, 2024 7:55am
NQ is behaving as expected. Here is my planned Buy Entry. Will wait for the retest.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-08-01_10-53-37.png Size: 31 KB
  • #100
  • Aug 1, 2024 8:56am Aug 1, 2024 8:56am
Quoting Fadhl
NQ is behaving as expected. Here is my planned Buy Entry. Will wait for the retest. {image}
No entry yet. We need a strong green candle, then a test to jump in.
You don't need to catch the bottom or the top, you only need to reduce your risks and increase your reward. So be patient! Will update...
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