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  • #421
  • Sep 23, 2024 3:59pm Sep 23, 2024 3:59pm
Nothing to update... irrelevant day close.
I closed my positions.
See you tomorrow!
  • #422
  • Sep 24, 2024 7:15am Sep 24, 2024 7:15am
Good day!
As expected, the fight in the 19930-19960 area is happening. It will be hard to trade until we have a clear direction.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-24_08-06-58.png Size: 31 KB


In terms of news, we have US Consumer Confidence. The last few readings were all green and they all boosted equities up. This might give advantage to bulls if data is inline or green.
Note: I won't be around for the next two hours; hence I won't be able to update and share my trades.
See you later!
  • #423
  • Sep 24, 2024 9:22am Sep 24, 2024 9:22am
Quoting Fadhl
Good day! As expected, the fight in the 19930-19960 area is happening. It will be hard to trade until we have a clear direction. {image} In terms of news, we have US Consumer Confidence. The last few readings were all green and they all boosted equities up. This might give advantage to bulls if data is inline or green. Note: I won't be around for the next two hours; hence I won't be able to update and share my trades. See you later!
Consumer Confidence data came very red. Bad news is bad news for equities. NQ dropped. Not sure if price will bounce back to the opening range.
I will see the reaction at the pivot level 18828 to jump in.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-24_10-21-16.png Size: 32 KB
  • #424
  • Edited 10:32am Sep 24, 2024 10:18am | Edited 10:32am
Agree that Consumer confidence was red'n bad. Still though, the cut-off for CC measure was 17th of Sep, just before the interest cut. Next months CC could be more positive, and thus this months figures should not be as significant.

I see it now as we are in a bullish pennant and I woud expect next break to come to the upside...in spite of beeing in the feared end of September: My levels to watch are 20000 and 19600.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
  • #425
  • Sep 24, 2024 11:15am Sep 24, 2024 11:15am
I went short with 50points STP.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-24_12-16-12.png Size: 35 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-24_08-06-58.png Size: 31 KB
  • #426
  • Sep 24, 2024 11:44am Sep 24, 2024 11:44am
1 more day in the greens tomorrow and Thursday it all turns to sh1t lol reds al alond, I just closed my intel position at 22.95$, waiting tomorrow for my tsmc and nvidia tl hit their targets. If they dont ill manually close them i do not want to have anything open regarding tech on Thursday xd
  • #427
  • Sep 24, 2024 1:25pm Sep 24, 2024 1:25pm
Quoting Fadhl
I went short with 50points STP. {image} {image}
Thank you (like always) for your analysis. I definitely learn from you and that's great
I took the trade as well. Right now 50 points in profit. I set BE.
  • #428
  • Sep 24, 2024 1:32pm Sep 24, 2024 1:32pm
Quoting Fadhl
I went short with 50points STP. {image} {image}
Took some off and moved ST to BE.
  • #429
  • Sep 24, 2024 2:07pm Sep 24, 2024 2:07pm
Quoting PeBe
{quote} Thank you (like always) for your analysis. I definitely learn from you and that's great I took the trade as well. Right now 50 points in profit. I set BE.
I'm happy for you! Thanks for sharing!
  • #430
  • Sep 24, 2024 3:07pm Sep 24, 2024 3:07pm
FY awareness, NVDA just made a bullish close above last week high. This is very indicative that NQ should follow.
I'll let my position at BE until the close (at a free risk).
  • #431
  • Sep 24, 2024 3:39pm Sep 24, 2024 3:39pm
End of day analysis:
NQ day close is bullish, in particular if the close in a few minutes is above 19956.8. NVDA closed bullish. Bulls so far have the upper hand. The fight is still on until the end of week which is end of W/M/Q. Friday close is key.
Tomorrow, there is no much data. We will play it with NY opening be it up or down.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-24_16-32-53.png Size: 32 KB
  • #432
  • Edited 7:48am Sep 25, 2024 7:32am | Edited 7:48am
Good day!
Not too much to update: Asian session sold NQ and Europe session bought it back. We will see how NY will behave and ride with them hopefully in the same direction.
See you later after the opening range. GL!

Edit:
I just saw the news about China Beijing's stimulus bazooka (free money) that will boost the bullish side in equities. So most likely, NQ will continue up.

Note: You may share your charts for all indices and stocks, if you want.
  • #433
  • Sep 25, 2024 8:38am Sep 25, 2024 8:38am
The 5min Opening range was very bullish. we should seek for a Buy entry after the retest of the opening range.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-09-25_09-36-12.png Size: 26 KB
  • #434
  • Sep 25, 2024 8:39am Sep 25, 2024 8:39am
Hi Fadhi,
Any Probability of today's NASDAQ market?
  • #435
  • Sep 25, 2024 8:46am Sep 25, 2024 8:46am
Quoting M.Ahmad1
Hi Fadhi, Any Probability of today's NASDAQ market?
Hi!
What do you mean?
  • #436
  • Sep 25, 2024 8:51am Sep 25, 2024 8:51am
i meant - what trend should market follow today!
As today is a news at 9am EST - what do you think might happen?
  • #437
  • Sep 25, 2024 9:02am Sep 25, 2024 9:02am
Options market looking really bullish, NVDA pushing NQ strongly, it still feels too risky taking any long positions with such an extension
  • #438
  • Sep 25, 2024 9:10am Sep 25, 2024 9:10am
Quoting M.Ahmad1
i meant - what trend should market follow today! As today is a news at 9am EST - what do you think might happen?
Read above, I already shared my thoughts and my planned entry.
  • #439
  • Sep 25, 2024 9:13am Sep 25, 2024 9:13am
Quoting roanfox
Options market looking really bullish, NVDA pushing NQ strongly, it still feels too risky taking any long positions with such an extension
I agree but my risk will be around 50 points (the opening range); so it'll be under control. Markets are in rush to the upside with free money from everywhere. Only War Risk will stop this rally and may be large hands to shake out retailers.
  • #440
  • Sep 25, 2024 9:17am Sep 25, 2024 9:17am
Quoting Fadhl
The 5min Opening range was very bullish. we should seek for a Buy entry after the retest of the opening range. {image}
If this touch happened, is it still valid?
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