Not surprising, but not given. Close above 19630 I would consider bullish for the coming days. Nice trade Fadhl 
- #383
- Sep 18, 2024 1:22pm Sep 18, 2024 1:22pm
- Joined Jan 2016 | Status: Trader | 3,950 Posts
Not surprising, but not given. Close above 19630 I would consider bullish for the coming days. Nice trade Fadhl
- #386
- Sep 18, 2024 2:50pm Sep 18, 2024 2:50pm
- Joined Jan 2016 | Status: Trader | 3,950 Posts
{quote} Took off 50%, moved to BE and let it run until the end of day. Hope that some/few of you took this trade as well!
See you tomorrow!
- #387
- Sep 19, 2024 7:30am Sep 19, 2024 7:30am
- Joined Jan 2016 | Status: Trader | 3,950 Posts
Good day!
TA Analysis:
Yesterday close was a tricky one: The daily candle provided on one hand a new HH and on the other hand a bearish close.
From TA perspective, we would see a continuation down. However, both Asian and London sessions provided strong bullish candles and broke yesterday HH.
Clearly market was very happy with the FED decision.
What should we expect from NY session?
I see a retrace to yesterday high, then a continuation up to test August high (19937).
FA Analysis:
FED decision was well received; FED is timely cutting its rate and the projection is telling additional cuts are expected. So the FED recognizes the slowing down of the economy.
This said, I still think that Equities should deeply drop to be inline with the economy status.
TA Analysis:
Yesterday close was a tricky one: The daily candle provided on one hand a new HH and on the other hand a bearish close.
From TA perspective, we would see a continuation down. However, both Asian and London sessions provided strong bullish candles and broke yesterday HH.
Clearly market was very happy with the FED decision.
What should we expect from NY session?
I see a retrace to yesterday high, then a continuation up to test August high (19937).
FA Analysis:
FED decision was well received; FED is timely cutting its rate and the projection is telling additional cuts are expected. So the FED recognizes the slowing down of the economy.
This said, I still think that Equities should deeply drop to be inline with the economy status.
- #388
- Sep 19, 2024 8:37am Sep 19, 2024 8:37am
- Joined Jan 2016 | Status: Trader | 3,950 Posts
NY 5min Opening range is bearish.
We wait for a break, retest with displacement and we sell it to yesterday high.
We wait for a break, retest with displacement and we sell it to yesterday high.
- #389
- Sep 19, 2024 8:59am Sep 19, 2024 8:59am
- Joined Jan 2016 | Status: Trader | 3,950 Posts
NY 5min Opening range is bearish. We wait for a break, retest with displacement and we sell it to yesterday high. {image}
- #390
- Sep 19, 2024 9:11am Sep 19, 2024 9:11am
- Joined Jan 2016 | Status: Trader | 3,950 Posts
{quote} Here is my planned Sell entry if the candle that retests the opening range is bearish. {image}
- #395
- Sep 19, 2024 3:12pm Sep 19, 2024 3:12pm
- Joined Jan 2016 | Status: Trader | 3,950 Posts
End of day TA Analysis
NQ is closing very bullish. We've a new HH daily and weekly. Also we've TL broke.
So what do we expect?
A continuation up: next Resistance is not far away: 19957 (July High).
Tomorrow, we might see a consolidation to close the week at high level. Anyhow, it's too late to jump in the buy side. We need a retrace that it was not given today; it might come tomorrow at the opening.
However NQ Futures did not create a new HH! If tomorrow, NQ! does not break and close above 20251 (August high), price has a good chance to go back to test the previous swing (August low).
NQ is closing very bullish. We've a new HH daily and weekly. Also we've TL broke.
So what do we expect?
A continuation up: next Resistance is not far away: 19957 (July High).
Tomorrow, we might see a consolidation to close the week at high level. Anyhow, it's too late to jump in the buy side. We need a retrace that it was not given today; it might come tomorrow at the opening.
However NQ Futures did not create a new HH! If tomorrow, NQ! does not break and close above 20251 (August high), price has a good chance to go back to test the previous swing (August low).
- #396
- Sep 20, 2024 7:27am Sep 20, 2024 7:27am
- Joined Jan 2016 | Status: Trader | 3,950 Posts
End of day TA Analysis NQ is closing very bullish. We've a new HH daily and weekly. Also we've TL broke. So what do we expect? A continuation up: next Resistance is not far away: 19957 (July High). Tomorrow, we might see a consolidation to close the week at high level. Anyhow, it's too late to jump in the buy side. We need a retrace that it was not given today; it might come tomorrow at the opening. {image} However NQ Futures did not create a new HH! If tomorrow, NQ! does not break and close above 20251 (August high), price has a good chance to...
Nothing really to update from yesterday analysis.
NQ retraced and created a bullish flag that is currently being broken up. The retest of the breakout will give an opportunity to go long. However, I'll wait for NY opening range to jump in.
See you later!
- #397
- Sep 20, 2024 8:50am Sep 20, 2024 8:50am
- Joined Jan 2016 | Status: Trader | 3,950 Posts
{quote} Good day! Nothing really to update from yesterday analysis. NQ retraced and created a bullish flag that is currently being broken up. The retest of the breakout will give an opportunity to go long. However, I'll wait for NY opening range to jump in. See you later! {image}
After the 5min opening range, we have always the two options (i.e., breakout and retest to go long or short).
However, we have another TA hint: if no body candle closes above the high of the range, price should go to the low of the swing (all are highlighted with a cercle).
