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  • #241
  • Sep 4, 2024 9:01am Sep 4, 2024 9:01am
NY opening has closed above the consolidation range. So I plan to go long with the test of the range.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-04_09-56-27.png Size: 33 KB
  • #242
  • Edited 9:50am Sep 4, 2024 9:09am | Edited 9:50am
Quoting Fadhl
NY opening has closed above the consolidation range. So I plan to go long with the test of the range. {image}
I'm in.
Moved my STP to BE. Now it's risk free.
  • #243
  • Sep 4, 2024 1:21pm Sep 4, 2024 1:21pm
Quoting Fadhl
{quote} Here is NQ! futures chart. Price might go to 50-61.8 fib or from the current level it goes up. there is no need to go to 50-61.8 fib. {image}
Thanks for the context, this make sense. In order for me to follow along and possibly even trade along side .... would you recommend:
(1) I mimic the spot price from CFD onto NQ futures and trade? I can put "NQ futures" and "100 Cash CFD" side by side in Trading View and see some correlation. Would you advise this is an ok way to mimic?
(2) Or if it's not too much trouble, would you be open to just posting/trading NQ futures here? Of course I am not sure about what your followers/audience prefer. If no one minds, NQ futures will be super helpful.

And I really appreciate all the commentary you post, it's super helpful.
  • #244
  • Sep 4, 2024 2:22pm Sep 4, 2024 2:22pm
Quoting Fadhl
{quote} I'm in. Moved my STP to BE. Now it's risk free.
Stopped at BE!
  • #245
  • Sep 4, 2024 2:34pm Sep 4, 2024 2:34pm
Quoting BikB
{quote} Thanks for the context, this make sense. In order for me to follow along and possibly even trade along side .... would you recommend: (1) I mimic the spot price from CFD onto NQ futures and trade? I can put "NQ futures" and "100 Cash CFD" side by side in Trading View and see some correlation. Would you advise this is an ok way to mimic? (2) Or if it's not too much trouble, would you be open to just posting/trading NQ futures here? Of course I am not sure about what your followers/audience prefer. If no one minds, NQ futures will be super...
You're welcome!
CFD and Futures moves in the symmetry with the appropriate Contracts. For instance CFD works exactly with NQU4 now, but not NQV4... When I post a trade here in CFD, you can mirror it into NQ futures, just change the levels. Same thing for people who are using different brokers that have different NQ CFD values.
Try this and if you struggle with, I'll do my best to share both charts.
  • #246
  • Sep 4, 2024 2:48pm Sep 4, 2024 2:48pm
Quoting Fadhl
{quote} You're welcome! CFD and Futures moves in the symmetry with the appropriate Contracts. For instance CFD works exactly with NQU4 now, but not NQV4... When I post a trade here in CFD, you can mirror it into NQ futures, just change the levels. Same thing for people who are using different brokers that have different NQ CFD values. Try this and if you struggle with, I'll do my best to share both charts.
Thanks for the flexibility. I see that my Trading View NQ contracts are labeled as: March - NQH, June - NQM, Sep - NQU, Dec - NQZ. So I think I should be ok. Not sure if the CFD also changes quarterly? I just want to make sure the quarterly contracts are in sync, if needed to manage that level of subtlety.
  • #247
  • Sep 4, 2024 5:24pm Sep 4, 2024 5:24pm
Today's close was a neutral close. neither bullish nor bearish. However NVDA closed bearish (keep this in mind)
Tomorrow we have another key data: ISM Services and Unemployment Claims. I'll update tomorrow before and during NY session.
Attached Image (click to enlarge)
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  • #248
  • Sep 5, 2024 7:42am Sep 5, 2024 7:42am
Good day!
We got bad ADP data (bad foe equities), inline Unemployment Claims (good for Equities), ISM Services data is coming...
This said, market has started pricing recession. Both US10Y and Equities are moving in the same direction, down; this is the best indicator about recession.
If ISM data is very or very bad, a direct sell off in equities (NQ) should happen; however we have NFP tomorrow, so market might wait for it.
An inline or green ISM Services data will give us a nice bounce up until tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: US10Y_2024-09-05_08-21-03.png Size: 34 KB
  • #249
  • Sep 5, 2024 7:56am Sep 5, 2024 7:56am
Market expected behavior following Service PMI data for both NQ CFD and futures
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-05_08-54-31.png Size: 39 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NQU2024_2024-09-05_08-53-03.png Size: 42 KB
  • #250
  • Sep 5, 2024 9:10am Sep 5, 2024 9:10am
Quoting Fadhl
Market expected behavior following Service PMI data for both NQ CFD and futures {image} {image}
Following Inline data, here is my planned entry
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-05_10-09-45.png Size: 38 KB
  • #251
  • Sep 5, 2024 9:17am Sep 5, 2024 9:17am
Quoting Fadhl
{quote} Following Inline data, here is my planned entry {image}
Is Buy Limit entry at 18,865 or 18,950? Sorry new to how you plot the points. Thanks for your patient responses !!
  • #252
  • Sep 5, 2024 9:22am Sep 5, 2024 9:22am
Quoting BikB
{quote} Is Buy Limit entry at 18,865 or 18,950? Sorry new to how you plot the points. Thanks for your patient responses !!
CFD= Buy Lmt at 18950
Futures= Buy Lmt at 19000
  • #253
  • Sep 5, 2024 9:51am Sep 5, 2024 9:51am
Quoting Fadhl
{quote} CFD= Buy Lmt at 18950 Futures= Buy Lmt at 19000
Entry should be triggered for both CFD and Futures. I'm in.
  • #254
  • Sep 5, 2024 10:12am Sep 5, 2024 10:12am
Quoting Fadhl
{quote} CFD= Buy Lmt at 18950 Futures= Buy Lmt at 19000
Sharing my view of CFD & NQ side by side in Trading View. Here is what I get when I move horizontal cursor on either chart, to mimic on the other.
Also sharing my chart snapshot. I see NQ entry also at almost 18950 strangely.
Appreciate anyway you can guide me to align with CFD-NQ, to self serve.

Attached Image (click to enlarge)
Click to Enlarge Name: CFD-NQ-09052024.png Size: 58 KB
Based on the time it took me to map, I did not take this trade. Hoping to iron this out so I can participate going forward. Thanks a bunch !!
  • #255
  • Sep 5, 2024 10:35am Sep 5, 2024 10:35am
I meant I need help aligning CFD-NQ prices, since I DID NOT get "Futures= Buy Lmt at 19000" per my chart, I got NQ entry at 18950 as well. So guess all my other values could also be off. Please advise.
  • #256
  • Sep 5, 2024 12:55pm Sep 5, 2024 12:55pm
Quoting BikB
I meant I need help aligning CFD-NQ prices, since I DID NOT get "Futures= Buy Lmt at 19000" per my chart, I got NQ entry at 18950 as well. So guess all my other values could also be off. Please advise.
The easiest way to manage it is whenever the NC CFD value triggered, you may at the same time jump in NQ futures.
As futures pips are $20/point, it's better that you take off every 50 points. CFD is $1/point.
  • #257
  • Sep 5, 2024 2:07pm Sep 5, 2024 2:07pm
Quoting Fadhl
{quote} The easiest way to manage it is whenever the NC CFD value triggered, you may at the same time jump in NQ futures. As futures pips are $20/point, it's better that you take off every 50 points. CFD is $1/point.
I understand, thanks for the suggestion. The caveat being I will need to be glued to my screen to manage the Take Profits & Stop Losses, not ideal.
I know it may be too much, but I will still ask. Would it ALSO be feasible for you to post NQ chart as well with Entry / SL / TP? I totally understand if that's not feasible.

Either way I really appreciate you sharing your analysis and voicing your perspectives. I like reading your posts, keep up the great work !!
  • #258
  • Sep 5, 2024 3:12pm Sep 5, 2024 3:12pm
Quoting BikB
{quote} I understand, thanks for the suggestion. The caveat being I will need to be glued to my screen to manage the Take Profits & Stop Losses, not ideal. I know it may be too much, but I will still ask. Would it ALSO be feasible for you to post NQ chart as well with Entry / SL / TP? I totally understand if that's not feasible. Either way I really appreciate you sharing your analysis and voicing your perspectives. I like reading your posts, keep up the great work !!
I don't promise, but I'll do my best. You're welcome!
  • #259
  • Sep 5, 2024 3:14pm Sep 5, 2024 3:14pm
Quoting Fadhl
{quote} Entry should be triggered for both CFD and Futures. I'm in.
I manage to close with few points, almost at BE.
The day was irrelevant...market is on hold for tomorrow's data.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-05_16-08-14.png Size: 39 KB
  • #260
  • Sep 6, 2024 7:11am Sep 6, 2024 7:11am
Good day!
Today we have NFP; key data to make the final call on recession or not.
1- Good data and inline: Good for equities
2- Bad data: Bad for equities.
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