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  • #281
  • Sep 10, 2024 9:59am Sep 10, 2024 9:59am
Im shorted 18730 with TP18200 SL 18930
People don't plan to lose. They lose because they don't plan.
  • #282
  • Sep 10, 2024 10:25am Sep 10, 2024 10:25am
Quoting Fadhl
{quote} Taking off some after hitting 50points; moving my STP to BE and leaving the remaining to hit my final TP.
Stopped! I banked 50 points. Thanks!
  • #283
  • Sep 10, 2024 12:09pm Sep 10, 2024 12:09pm
Quoting Fadhl
{quote} Stopped! I banked 50 points. Thanks!
At the end price reached the final target. Moving STP to BE was a bit precipitated; but I`m fine with it.
Now it will continue the consolidation until tomorrow with CPI news.
The close will be irrelevant; another inside bar.
See you tomorrow and hope you took profit as well!
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-10_13-06-36.png Size: 38 KB
  • #284
  • Sep 10, 2024 12:51pm Sep 10, 2024 12:51pm
We might see a bear flag forming. I'm waiting for more clarification. Tonight's debate could also turn things around. Be careful
Attached Image (click to enlarge)
Click to Enlarge Name: NDX_2024-09-10_19-46-37_6d6d4.png Size: 156 KB
  • #285
  • Sep 10, 2024 1:30pm Sep 10, 2024 1:30pm
Quoting saml2001
We might see a bear flag forming. I'm waiting for more clarification. Tonight's debate could also turn things around. Be careful {image}
Nice chart by the way!
I strongly doubt tonight debate will be market relevant... I don't see any risk associated with, but anyhow, I trade mostly NY session.
  • #286
  • Sep 10, 2024 2:28pm Sep 10, 2024 2:28pm
Quoting Fadhl
{quote} Nice chart by the way! I strongly doubt tonight debate will be market relevant... I don't see any risk associated with, but anyhow, I trade mostly NY session.
Thanks!
I believe it's still a tight race between Trump and Harris, which is creating a lot of uncertainty. Trump wants to cut taxes, while Harris aims to raise them. If Harris comes out strong in the debate, we could see a drop in the stock market, as concerns over higher taxes impacting profitability may arise. On the other hand, if Trump emerges stronger, the market could respond positively. Additionally, trade restrictions might also influence the stock market. However, this debate will only significantly impact the market if one candidate clearly dominates.
You might be right that the debate won’t have any influence, this was just my thought.
  • #287
  • Sep 11, 2024 7:07am Sep 11, 2024 7:07am
Good day!
We got yesterday another green candle, but it's still an inside bar (Friday bar).
Price retraced up to 78.6 Fib which is a great area to sell if you think price is going down.
We have CPI in a few minutes. Inflation is not anymore in the driver seat. We know as a fact inflation went down. However the knee-jerk reaction could be huge; hence it's safer to wait for NY opening range to trade.
  • #288
  • Sep 11, 2024 8:02am Sep 11, 2024 8:02am
Quoting Fadhl
Good day! We got yesterday another green candle, but it's still an inside bar (Friday bar). Price retraced up to 78.6 Fib which is a great area to sell if you think price is going down. We have CPI in a few minutes. Inflation is not anymore in the driver seat. We know as a fact inflation went down. However the knee-jerk reaction could be huge; hence it's safer to wait for NY opening range to trade.
CPI was green and the knee-jerk reaction is over now. Let see how NY plays it out.
Here how I read the CPI data: The down move of inflation stopped and we got a little increase.
How market might translate this in terms of future expectations?
1) .25 rate cut is a done deal; .50 is fading out: this is good for equities;
2) However, if this green inflation data is along with recession; this is very bad for equities. Next recession relevant data will be crucial.
To conclude, market might continue the consolidation or moving up until the FED.
  • #289
  • Sep 11, 2024 8:41am Sep 11, 2024 8:41am
Here is my planned entry:
1) We need a body candle to close above or below the opening range (5mn TF)
2) a distanciation ( at least two candles)
3) a retest of the opening range to go long or short.
Will update with my actual entry...
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-11_09-39-14.png Size: 36 KB


Note: NVDA is going up; NQ should go up as well; but let price meets the requirements.
  • #290
  • Sep 11, 2024 8:53am Sep 11, 2024 8:53am
Nvidia conference pulling tech up, some black sheep lagging behind but we should see bullish week and some 15% momentum higher on nvidia and tsmc pulling tech higher
  • #291
  • Sep 11, 2024 8:57am Sep 11, 2024 8:57am
Quoting Fadhl
Here is my planned entry: 1) We need a body candle to close above or below the opening range (5mn TF) 2) a distanciation ( at least two candles) 3) a retest of the opening range to go long or short. Will update with my actual entry... {image} Note: NVDA is going up; NQ should go up as well; but let price meets the requirements.
Based on the strategy, we should sell.
Here is my entry:
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-11_09-56-50.png Size: 35 KB

Do not forget to take off some after every 50 points and move STP to BE.
  • #292
  • Sep 11, 2024 9:05am Sep 11, 2024 9:05am
We've order block (the green candle in the yellow box), we should get our entry.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-11_10-03-53.png Size: 37 KB
  • #293
  • Sep 11, 2024 9:10am Sep 11, 2024 9:10am
Quoting Fadhl
We've order block (the green candle in the yellow box), we should get our entry. {image}
Same thing for those who are trading futures
Attached Image (click to enlarge)
Click to Enlarge Name: NQU2024_2024-09-11_10-09-29.png Size: 35 KB
  • #294
  • Sep 11, 2024 9:18am Sep 11, 2024 9:18am
Quoting Fadhl
{quote} Same thing for those who are trading futures {image}
Trade cancelled!
Price went down without a retest of the opening range.
Empty hands here.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-11_10-16-33.png Size: 35 KB
  • #295
  • Sep 11, 2024 9:23am Sep 11, 2024 9:23am
Maybe short from 18700 ?

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
  • #296
  • Sep 11, 2024 9:23am Sep 11, 2024 9:23am
Here is another opportunity to short it.
Price has made a LL. Looking for LH with a test of TL a key level to go short.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-11_10-22-03.png Size: 36 KB
  • #297
  • Sep 11, 2024 9:24am Sep 11, 2024 9:24am
Quoting sj9bp20
Maybe short from 18700 ? {image}
Exactly
  • #298
  • Sep 11, 2024 9:40am Sep 11, 2024 9:40am
Quoting Fadhl
{quote} Exactly
I got in with one entry at 18670. Price never reached the higher 18700.

What are the thoughts...Are we returning to a longer term downtrend ?
  • #299
  • Sep 11, 2024 9:52am Sep 11, 2024 9:52am
Quoting Fadhl
Here is another opportunity to short it. Price has made a LL. Looking for LH with a test of TL a key level to go short. {image}
Market did not give us a bounce to join the sell off side. I'm not going to chase it. I'm done for the day. No trade no loss.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-11_10-50-56.png Size: 43 KB
  • #300
  • Sep 11, 2024 9:54am Sep 11, 2024 9:54am
Quoting sj9bp20
{quote} I got in with one entry at 18670. Price never reached the higher 18700. What are the thoughts...Are we returning to a longer term downtrend ?
It's still inside Friday daily bar. So no clear direction until the break of Friday bar. As I mentioned it earlier, I think NQ should go up until the FED.
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