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  • #821
  • Edited 10:16am Oct 30, 2024 9:17am | Edited 10:16am
Quoting Fadhl
{quote} The retest is bullish. I'm not in yet.
I changed my entry level and I took this entry after getting a 5min bearish candle (even it's inside the previous one)! Let see.
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Edit:
TP1 hit.
  • #822
  • Oct 30, 2024 9:22am Oct 30, 2024 9:22am
[quote=Fadhl;15045526]{quote} I changed my entry level and I took this entry after getting a 5min bearish candle (even it's inside the previous one)! Let see. {image}[/quote
I'm still waiting patient before making an entry...
  • #823
  • Oct 30, 2024 2:29pm Oct 30, 2024 2:29pm
Quoting Fadhl
{quote} I changed my entry level and I took this entry after getting a 5min bearish candle (even it's inside the previous one)! Let see. {image} Edit: TP1 hit.
Closed my remaining two positions with another 100 points each before the earnings news in a few minutes.
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  • #824
  • Edited Oct 31, 2024 4:49am Oct 30, 2024 3:47pm | Edited Oct 31, 2024 4:49am
My first sell order hit SL with 56pips loss, second one running in profit with 100 pips profit. SL moved to BE and holding. I will close half when it hits low of Harmonic crab formation

EDIT CLOSED HALF WITH 200 PIPS PROFIT
EDIT CLOSED ALL MANUALLY WITH 300 PIPS PROFIT
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  • #825
  • Oct 30, 2024 3:52pm Oct 30, 2024 3:52pm
End of day analysis:
Yesterday, NQ provided a bullish close. We would expect a continuation up, but it was almost completely reversed! Market does what it has to do, we just follow; prediction is a loosing strategy!
Today, we got a full red daily candle, but it did not engulf yesterday candle; it's inside it. Hence, it's not bearish.
Today's earnings seem inline with expectations for both MSFT and Meta (major ones).
Tomorrow we have PCE data. I will trade after the news and NY opening. Until then, have a good one Everyone!
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  • #826
  • Oct 30, 2024 3:54pm Oct 30, 2024 3:54pm
Quoting 07Jack
My first sell order hit SL with 56pips loss, second one running in profit with 100 pips profit. SL moved to BE and holding. I will close half when it hits low of Harmonic crab formation {image}
That is great, almost R:R=2.
  • #827
  • Edited Oct 31, 2024 4:46am Oct 30, 2024 6:01pm | Edited Oct 31, 2024 4:46am
After reaching 50% Fibbo retrance I put oposite buy order BUY 20290, SL 20250 TP 20460. Let's see how it will play
EDIT SL HIT with 40pips loss
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  • #828
  • Oct 30, 2024 7:43pm Oct 30, 2024 7:43pm
META earnings today did not thrill the market, we'll see if it bounces Thurs. META is 5% of the Nas100
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #829
  • Oct 30, 2024 7:48pm Oct 30, 2024 7:48pm
ditto MSFT today, MSFT is 8.2%. Tomorrow we have AAPL (9%) and AMZN (5%).

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #830
  • Oct 30, 2024 10:02pm Oct 30, 2024 10:02pm
Quoting The Fool
Tomorrow we have AAPL (9%) and AMZN (5%).
NDX looking to open gap down, hopefully over 100 pts; if AMZN and AAPL can disappoint tomorrow then we could see a good slide in the index into NFP day. I need a dip below 20,000 by election day....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #831
  • Oct 30, 2024 11:43pm Oct 30, 2024 11:43pm
Quoting dummytt
{quote} It seems it is uptrend {image}
I guess the direction will be more clear tomorrow with NFP data.
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My posts are for educational purpose only.
  • #832
  • Oct 31, 2024 1:16am Oct 31, 2024 1:16am
Quoting dummytt
{quote} I guess the direction will be more clear tomorrow with NFP data.
Thursday data is pretty dense...
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I'd say we r in a good news=good and bad news = bad environment mostly, but it's a bit confused. If we see sticky inflation (PCE), markets may have their longing for more rate cuts disappointed - could be a bearish impact. If we see strong econ data, the idea is there is no recession, so the "soft landing" dream is intact and the bull market can continue. To me, markets look like they want to roll over going into election week. If earnings and econ data combine in the right way, we could see a couple big red candles Thurs-Friday.

Friday's data...
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(times shown on the snaps are 1 hr early.....see the good calendars on the tradingeconomics website:

https://tradingeconomics.com/calendar
"If The Fool persists in his Folly he will become wise." - William Blake
  • #833
  • Oct 31, 2024 8:00am Oct 31, 2024 8:00am
Quoting The Fool
{quote}NDX looking to open gap down, hopefully over 100 pts; if AMZN and AAPL can disappoint tomorrow then we could see a good slide in the index into NFP day. I need a dip below 20,000 by election day....
May be the ritual sell of the last 3 US Elections is taking over
  • #834
  • Oct 31, 2024 8:04am Oct 31, 2024 8:04am
Good day!
Both Asian and Europe sessions sold NQ and we got a break from H4 and below.
Data came inline. I think NY session will continue the sell off after a bounce.
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  • #835
  • Oct 31, 2024 8:40am Oct 31, 2024 8:40am
Quoting Fadhl
Good day! Both Asian and Europe sessions sold NQ and we got a break from H4 and below. Data came inline. I think NY session will continue the sell off after a bounce. {image}
The 5min opening range is a strong bearish opening. We should expect a continuation down. This does not mean there won't be any bounce.
  • #836
  • Edited 10:13pm Oct 31, 2024 9:19am | Edited 10:13pm
Open Long
SL 19935
SL HIT
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  • #837
  • Oct 31, 2024 10:08am Oct 31, 2024 10:08am
NY session has continued the sell off without giving any bounce.
Price reached the low of the previous week where liquidity are sitting. Let see if the buyers will gain this battle!
Will wait of a breakup and retest of the weekly low to go long.
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  • #838
  • Oct 31, 2024 10:32am Oct 31, 2024 10:32am
Quoting Fadhl
NY session has continued the sell off without giving any bounce. Price reached the low of the previous week where liquidity are sitting. Let see if the buyers will gain this battle! Will wait of a breakup and retest of the weekly low to go long. {image}
I went long.
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  • #839
  • Oct 31, 2024 10:47am Oct 31, 2024 10:47am
Quoting Fadhl
{quote} I went long. {image}
I'm still in; saved by one point so far!
Edit:
While writing the previous message, I was stopped!
  • #840
  • Oct 31, 2024 11:51am Oct 31, 2024 11:51am
Maybe an inverted H&S : M5 & M15
Taking a long here
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