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  • #161
  • Aug 14, 2024 7:46am Aug 14, 2024 7:46am
I'm in.
Price has retraced exactly 38.2 fib from yesterday high to test the famous Monday bar!
Attached Image (click to enlarge)
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  • #162
  • Aug 14, 2024 8:55am Aug 14, 2024 8:55am
Quoting Fadhl
I'm in. Price has retraced exactly 38.2 fib from yesterday high to test the famous Monday bar! {image}
TP hit. Done for the day! Price should continue not further up; the high of the day is close.
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  • #163
  • Aug 14, 2024 8:56am Aug 14, 2024 8:56am
Quoting Fadhl
{quote} TP hit. Done for the day! Price should continue not further up; the high of the day is close. {image}
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  • #164
  • Aug 14, 2024 4:18pm Aug 14, 2024 4:18pm
As expected from yesterday, we got another bullish close but with less power, less gas. The top is around the corner. It could be 19227 even if 19573 seems very attractive. Anyhow the range is clear until September FED. Sell the top, buy the bottom.
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  • #165
  • Aug 15, 2024 4:55am Aug 15, 2024 4:55am
Good day!
In the last few hours, NQ was ranging. We have data from US that is relevant to employment and recession assessment.
1- Inline data: Ranging will continue; the top of the range is quite done (around 19227).
2- Overshoot (very unexpected): NQ will continue up to 19573
3- Undershoot: NQ drops to the low of the range (17240)

Attached Image (click to enlarge)
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  • #166
  • Aug 15, 2024 5:34am Aug 15, 2024 5:34am
Quoting Fadhl
Good day! In the last few hours, NQ was ranging. We have data from US that is relevant to employment and recession assessment. 1- Inline data: Ranging will continue; the top of the range is quite done (around 19227). 2- Overshoot (very unexpected): NQ will continue up to 19573 3- Undershoot: NQ drops to the low of the range (17240) {image}
Good data between inline and overshoot; the most important is that recession is not in play. So NQ should go up between 19227-19573.
  • #167
  • Aug 15, 2024 5:39am Aug 15, 2024 5:39am
Today's plan
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  • #168
  • Aug 15, 2024 5:44am Aug 15, 2024 5:44am
Quoting Fadhl
Today's plan {image}
I took a short position prior NY session aiming for a retrace to yesterday HH.
  • #169
  • Aug 15, 2024 6:28am Aug 15, 2024 6:28am
Quoting Fadhl
{quote} I took a short position prior NY session aiming for a retrace to yesterday HH.
Profit taking should be taking place from the current level. Do not jump in the buy side until one hour after the opening session.
  • #170
  • Aug 15, 2024 7:05am Aug 15, 2024 7:05am
Quoting Fadhl
{quote} I took a short position prior NY session aiming for a retrace to yesterday HH.
Stopped out! Market didn't give any retrace. We're at a value area to Sell. Price is between 19227 and 19573. Any moment now, we may see the end of this movement.
  • #171
  • Aug 15, 2024 7:30am Aug 15, 2024 7:30am
Quoting Fadhl
{quote} Stopped out! Market didn't give any retrace. We're at a value area to Sell. Price is between 19227 and 19573. Any moment now, we may see the end of this movement.
looks crazy this market. first you dump an index 1000 points(nikkei) and 3000 points(nq100) and then you take it straight back. how can traders trade such a market. still 19500 should hold on NQ100 for today
  • #172
  • Aug 15, 2024 7:38am Aug 15, 2024 7:38am
Quoting giveachance
{quote} looks crazy this market. first you dump an index 1000 points(nikkei) and 3000 points(nq100) and then you take it straight back. how can traders trade such a market. still 19500 should hold on NQ100 for today
Indeed! I won't long it at this level! I'll only short it.
From risk of war, we might see some actions if the current talks in Doha fail.
Thanks for showing here @giveachance
  • #173
  • Aug 15, 2024 7:55am Aug 15, 2024 7:55am
I'm in again with a STP at 19450. TP is open.
  • #174
  • Aug 15, 2024 8:17am Aug 15, 2024 8:17am
Quoting Fadhl
I'm in again with a STP at 19450. TP is open.
very tight if uj does not drop to 148.56 expect nq to continue rallying.
  • #175
  • Aug 15, 2024 8:26am Aug 15, 2024 8:26am
Quoting giveachance
{quote} very tight if uj does not drop to 148.56 expect nq to continue rallying.
I know; there is a TL and if it breaks it, the next level will be 19573.
  • #176
  • Aug 16, 2024 5:26am Aug 16, 2024 5:26am
Good Friday!
NQ has completed this leg up! 19573 was hit during Asian Session.
Now we have profit takings underway and new sellers are jumping in. Testing the top again is not out of the equation to trap the early sellers. It's Friday this might happen.
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  • #177
  • Aug 16, 2024 5:54am Aug 16, 2024 5:54am
NQ has retraced 38.2 Fib so far. NY opening will give us our intraday opportunity. But I expect a test of the top and even furtehr to take the stoploss of these early sellers.
Attached Image (click to enlarge)
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Will update with NY opening.
  • #178
  • Aug 16, 2024 7:02am Aug 16, 2024 7:02am
Quoting Fadhl
NQ has retraced 38.2 Fib so far. NY opening will give us our intraday opportunity. But I expect a test of the top and even further to take the stoploss of these early sellers. {image} Will update with NY opening.
Nothing so far from NY opening; no clear direction... price needs to break the opening range and test it to jump in.
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  • #179
  • Aug 16, 2024 7:19am Aug 16, 2024 7:19am
Quoting Fadhl
{quote} Nothing so far from NY opening; no clear direction... price needs to break the opening range and test it to jump in. {image}
Finally we got a break to the upper side. Here is my planned entry.
Attached Image (click to enlarge)
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Edit: When price tests the high of the opening range, see how the candle closes; is it bullish or bearish to go long.
  • #180
  • Aug 16, 2024 7:57am Aug 16, 2024 7:57am
Quoting Fadhl
{quote} Finally we got a break to the upper side. Here is my planned entry. {image} Edit: When price tests the high of the opening range, see how the candle closes; is it bullish or bearish to go long.
Watching the close of the current 15mn candle to go or not Long.
Attached Image (click to enlarge)
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