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  • #401
  • Sep 20, 2024 9:10am Sep 20, 2024 9:10am
Quoting Eagle-Eye
{quote} I'm long from 19755, SL 19740. Where to put TP? 19790 and the SELL?
TP should be always one of these:
1- High/low of the the opening range;
2- High/low of previous day;
3- Key levels: S/R; H/L previous Weeks/Months/Quarters/Year

In my charts, all horizontal lines are reflecting those key levels.
Wish you GL with your position. I'm waiting for signal.
  • #402
  • Sep 20, 2024 9:17am Sep 20, 2024 9:17am
Quoting Fadhl
{quote} NQ broke the TL and retested it which is a good place to go long. 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). {image}
Price did go to previous swing!
Now looking for a buy signal.
Attached Image (click to enlarge)
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  • #403
  • Sep 20, 2024 9:27am Sep 20, 2024 9:27am
Quoting Fadhl
{quote} Price did go to previous swing! Now looking for a buy signal. {image}
I bought NQ with R:R 3.56.
Attached Image (click to enlarge)
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  • #404
  • Sep 20, 2024 9:58am Sep 20, 2024 9:58am
Quoting Fadhl
{quote} I bought NQ with R:R 3.56. {image}
it's a hard day to trade, although they want to move up, it's week end for profit taking and there is too much risk where the market stands. It will be hard for us bulls today but I hope it goes higher
  • #405
  • Sep 20, 2024 10:32am Sep 20, 2024 10:32am
Quoting Fadhl
{quote} I bought NQ with R:R 3.56. {image}
Sorry I was not around. I was stopped and entered again. Price tested the famous 19635.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-20_11-31-19.png Size: 33 KB
  • #406
  • Sep 20, 2024 10:44am Sep 20, 2024 10:44am
Quoting Fadhl
{quote} Sorry I was not around. I was stopped and entered again. Price tested the famous 19635. {image}
TP1 hit; moving STP to BE.
  • #407
  • Sep 20, 2024 10:44am Sep 20, 2024 10:44am
Quoting Fadhl
{quote} Sorry I was not around. I was stopped and entered again. Price tested the famous 19635. {image}
What was the reason to enter again at this level?
  • #408
  • Sep 20, 2024 10:57am Sep 20, 2024 10:57am
Quoting Eagle-Eye
{quote} What was the reason to enter again at this level?
19635 was a weekly level, means strong resistance. And as you can see the rejection was strong. So I went long as my R:R is very limited.
Always you should pay attention to key levels.
In addition to all of that; it's Friday, end of week and bulls want to close the week into the bullish territory. If weekly closes is bearish with a medium/large wick, it's not good at all for bulls. Hence I jumped with bulls.
  • #409
  • Sep 20, 2024 11:13am Sep 20, 2024 11:13am
End of week:
Bonds are moving down; this is good for Equities to move up.
I've to go now.... See you later if there is any relevant information to share.
Hope people enjoy the input!
  • #410
  • Sep 20, 2024 1:30pm Sep 20, 2024 1:30pm
Quoting Fadhl
{quote} Sorry I was not around. I was stopped and entered again. Price tested the famous 19635. {image}
TP2 hit as well.
It might be difficult to reach TP3, but I'll leave it until market closes.
Attached Image (click to enlarge)
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  • #411
  • Sep 20, 2024 2:43pm Sep 20, 2024 2:43pm
Quoting Fadhl
{quote} TP2 hit as well. It might be difficult to reach TP3, but I'll leave it until market closes. {image}
Final TP3 was hit.
Overall I got a green week. Wish you all the same!
Attached Image (click to enlarge)
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  • #412
  • Sep 22, 2024 11:54am Sep 22, 2024 11:54am
Good week!
Up-coming weekly analysis!
TA Analysis:
Weekly
From weekly perspective, NQ was bullish last two weeks. However, the close was not really bullish. Price made a brake but was unable to close above August high; we got extension only.
Price closed above August high (19937) from H1 TF and below, but it needs to close above in Daily TF up to weekly and monthly.
So from weekly perspective, all I can say that we will have a strong fight around 19937 between sellers and buyers. The outcome will be:
1- a D/W/M close above it, it's bullish and a new ATH is expected during next Quarter.
2- an extension without closing above 19937 in D/W/M, price will drop to test at least August low 17236. This might not happen during this up-coming week, this is only the trajectory it will take. So keep in mind the time factor.
Attached Image (click to enlarge)
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Daily/H4
From daily and H4 perspective, Friday close was an inside bar around the high of the previous day candle. So, it's bullish by association to Thursday candle.
Same analysis as the weekly one, price needs to close above 19937 to continue up; otherwise a drop is expected.
Two options:
1- If price closes above 19937, previous ATH (20759) will attract the movement up to be tested.
2- If price makes extension without closing above 19937, NQ will drop.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-22_12-10-05.png Size: 38 KB

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FA Analysis:
Up-coming week has plenty of key data to assess recession/slowing down economy and particularly their impacts on employment.
Any bad/red data, it will send Equity down and any good/green data, equity up.

(a little advice: Do not anticipate the news, wait and react. You're in this business to make money, not to catch the lowest or the highest or gamble!)

Wish happy and green week to Everyone!
  • #413
  • Sep 23, 2024 7:25am Sep 23, 2024 7:25am
Quoting Fadhl
Good week! Up-coming weekly analysis! TA Analysis: Weekly From weekly perspective, NQ was bullish last two weeks. However, the close was not really bullish. Price made a brake but was unable to close above August high; we got extension only. Price closed above August high (19937) from H1 TF and below, but it needs to close above in Daily TF up to weekly and monthly. So from weekly perspective, all I can say that we will have a strong fight around 19937 between sellers and buyers. The outcome will be: 1- a D/W/M close above it, it's bullish and a...
Good day!
Nothing to update from TA analysis!
FA data from Europe is very bad, hence Equity down.
In a few, US Manufacturing and Service PMI data will give the green light to move in any direction using the same dynamic: bad data, bad for equities and vice-versa.
Note: I won't trade NY 5min Opening range today considering US data coming few minutes after the opening. I'll wait for the news. GL!
  • #414
  • Sep 23, 2024 8:36am Sep 23, 2024 8:36am
Quoting Fadhl
{quote} Good day! Nothing to update from TA analysis! FA data from Europe is very bad, hence Equity down. In a few, US Manufacturing and Service PMI data will give the green light to move in any direction using the same dynamic: bad data, bad for equities and vice-versa. Note: I won't trade NY 5min Opening range today considering US data coming few minutes after the opening. I'll wait for the news. GL!
if the next data in 10 mins is bad recession will be confirmed in oct or nov
  • #415
  • Sep 23, 2024 8:48am Sep 23, 2024 8:48am
Following US news, my plan for the day:
Attached Image (click to enlarge)
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  • #416
  • Sep 23, 2024 9:10am Sep 23, 2024 9:10am
Quoting Fadhl
Following US news, my plan for the day: {image} {image}
No position yet!
price is still within the opening range. Let big boys fight until they give us an entry if sellers win; if not, the next opportunity is around 19937-19960.
  • #417
  • Sep 23, 2024 10:14am Sep 23, 2024 10:14am
Quoting Fadhl
Following US news, my plan for the day: {image} {image}
I will try this one if the 5min candle closes bearish at the top of the opening range.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-23_11-12-07.png Size: 33 KB

I'm in.
  • #418
  • Sep 23, 2024 10:47am Sep 23, 2024 10:47am
Quoting Fadhl
{quote} I will try this one if the 5min candle closes bearish at the top of the opening range. {image} I'm in.
I would point to thursday to start the big selloff on unemployment claims bs news, so far to me it looks like they will try and squeeze a new weekly high wherever that may be
  • #419
  • Sep 23, 2024 11:05am Sep 23, 2024 11:05am
Quoting Windstrown
{quote} I would point to thursday to start the big selloff on unemployment claims bs news, so far to me it looks like they will try and squeeze a new weekly high wherever that may be
It might be, we have GDP and Powell speech as well.
We will have a fight around 1993x-1996x; I'm just trading the intraday. My stop is still holding. Let it run my STP or grant me my TPs.
  • #420
  • Sep 23, 2024 12:06pm Sep 23, 2024 12:06pm
Quoting Fadhl
{quote} I will try this one if the 5min candle closes bearish at the top of the opening range. {image} I'm in.
TP1 hit.
I did not move my STP. Even if it hits it back, my R:R=1 will be Nil.
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